ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the Fiscal Year Ended June 30, 2024

 

 

 

OR

 

 

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

 

 

For the Transition Period From to

Washington

 

91-1144442

(STATE OF INCORPORATION)

 

(I.R.S. ID)

 

 

 

Securities registered pursuant to Section 12(b) of the Act:

 

 

 

 

 

 

 

 

Title of each class

 

Trading Symbol

 

Name of exchange on which registered

 

 

 

 

Common stock, $0.00000625 par value per share

 

MSFT

 

Nasdaq

3.125% Notes due 2028

 

MSFT

 

Nasdaq

2.625% Notes due 2033

 

MSFT

 

Nasdaq

 

 

 

 

Securities registered pursuant to Section 12(g) of the Act:

 

 

 

 

 

 

 

 

None

 

 

 

 

Large Accelerated Filer ☒

Accelerated Filer ☐

Non-accelerated Filer ☐

Smaller Reporting Company

 

 

Emerging Growth Company

 

 

 

 

 

Page

 

 

 

 

PART I

 

 

 

 

 

 

 

 

 

 

Item 1.

 

Business

 

3

 

 

 

 

 

 

 

 

Information about our Executive Officers

 

18

 

 

 

 

 

 

Item 1A.

 

Risk Factors

 

20

 

 

 

 

 

 

Item 1B.

 

Unresolved Staff Comments

 

34

 

 

 

 

 

 

Item 1C.

 

Cybersecurity

 

34

 

 

 

 

 

 

 

 

 

 

 

Item 2.

 

Properties

 

36

 

 

 

 

 

 

Item 3.

 

Legal Proceedings

 

36

 

 

 

 

 

 

Item 4.

 

Mine Safety Disclosures

 

36

 

 

 

 

PART II

 

 

 

 

 

 

 

 

 

 

Item 5.

 

Market for Registrant’s Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities

 

37

 

 

 

 

 

 

Item 6.

 

[Reserved]

 

38

 

 

 

 

 

 

Item 7.

 

Management’s Discussion and Analysis of Financial Condition and Results of Operations

 

39

 

 

 

 

 

 

Item 7A.

 

Quantitative and Qualitative Disclosures About Market Risk

 

55

 

 

 

 

 

 

Item 8.

 

Financial Statements and Supplementary Data

 

56

 

 

 

 

 

 

Item 9.

 

Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

 

98

 

 

 

 

 

 

Item 9A.

 

Controls and Procedures

 

98

 

 

 

 

 

 

 

 

Report of Management on Internal Control over Financial Reporting

 

98

 

 

 

 

 

 

 

 

Report of Independent Registered Public Accounting Firm

 

99

 

 

 

 

 

 

Item 9B.

 

Other Information

 

101

 

 

 

 

 

 

 

 

Item 9C.

 

Disclosure Regarding Foreign Jurisdictions that Prevent Inspections

 

101

 

 

 

 

PART III

 

 

 

 

 

 

 

 

 

 

Item 10.

 

Directors, Executive Officers, and Corporate Governance

 

101

 

 

 

 

 

 

Item 11.

 

Executive Compensation

 

102

 

 

 

 

 

 

Item 12.

 

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

 

102

 

 

 

 

 

 

Item 13.

 

Certain Relationships and Related Transactions, and Director Independence

 

102

 

 

 

 

 

 

Item 14.

 

Principal Accountant Fees and Services

 

102

 

 

 

 

PART IV

 

 

 

 

 

 

 

 

 

 

Item 15.

 

Exhibit and Financial Statement Schedules

 

103

 

 

 

 

 

 

Item 16.

 

Form 10-K Summary

 

110

 

 

 

 

 

 

 

 

 

 

 

 

Signatures

 

111

 

Name

Age

Position with the Company

 

 

Satya Nadella

56

Chairman and Chief Executive Officer

Judson B. Althoff

 

51

 

Executive Vice President and Chief Commercial Officer

Kathleen T. Hogan

58

Executive Vice President and Chief Human Resources Officer

Amy E. Hood

52

Executive Vice President and Chief Financial Officer

Takeshi Numoto

53

Executive Vice President and Chief Marketing Officer

Bradford L. Smith

65

Vice Chair and President

Christopher D. Young

 

52

 

Executive Vice President, Business Development, Strategy, and Ventures

(Square feet in millions)

 

 

 

 

 

Location

Owned

Leased

Total

 

 

 

U.S.

30

20

50

International

10

25

35

 

 

 

 

 

 

 

 

 

 

 

 

Total

40

45

85

 

 

 

Period

Total Number

of Shares

Purchased

Average Price

Paid Per Share

Total Number of

Shares Purchased

as Part of Publicly

Announced Plans

or Programs

Approximate Dollar

Value of Shares That

May Yet Be

Purchased Under the

Plans or Programs

 

 

 

(In millions)

 

 

 

 

 

 

 

April 1, 2024 – April 30, 2024

2,444,905

$

413.75

2,444,905

$

12,138

May 1, 2024 – May 31, 2024

2,233,450

 

416.85

2,233,450

 

11,207

June 1, 2024 – June 30, 2024

1,963,873

 

436.58

1,963,873

 

10,349

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6,642,228

 

 

6,642,228

 

 

 

 

 

 

Declaration Date

 

 

Record Date

 

 

 

Payment Date

 

 

 

Dividend

Per Share

 

 

 

Amount

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 12, 2024

 

 

August 15, 2024

 

 

 

September 12, 2024

 

 

$

0.75

 

 

$

5,575

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial remaining performance obligation

Commercial portion of revenue allocated to remaining performance obligations, which includes unearned revenue and amounts that will be invoiced and recognized as revenue in future periods

 

 

 

Microsoft Cloud revenue and revenue growth

Revenue from Azure and other cloud services, Office 365 Commercial, the commercial portion of LinkedIn, Dynamics 365, and other commercial cloud properties

 

 

 

Microsoft Cloud gross margin percentage

Gross margin percentage for our Microsoft Cloud business

Office Commercial products and cloud services revenue growth

Revenue from Office Commercial products and cloud services (Office 365 subscriptions, the Office 365 portion of Microsoft 365 Commercial subscriptions, and Office licensed on-premises), comprising Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Copilot for Microsoft 365

 

 

 

Office Consumer products and cloud services revenue growth

Revenue from Office Consumer products and cloud services, including Microsoft 365 Consumer and Copilot Pro subscriptions, Office licensed on-premises, and other Office services

 

 

 

Office 365 Commercial seat growth

The number of Office 365 Commercial seats at end of period where seats are paid users covered by an Office 365 Commercial subscription

 

 

 

Microsoft 365 Consumer subscribers

The number of Microsoft 365 Consumer and Copilot Pro subscribers at end of period

 

 

 

Dynamics products and cloud services revenue growth

Revenue from Dynamics products and cloud services, including Dynamics 365, comprising a set of intelligent, cloud-based applications across ERP, CRM, Power Apps, and Power Automate; and on-premises ERP and CRM applications

 

 

 

LinkedIn revenue growth

Revenue from LinkedIn, including Talent Solutions, Marketing Solutions, Premium Subscriptions, and Sales Solutions

 

 

 

Server products and cloud services revenue growth

Revenue from Server products and cloud services, including Azure and other cloud services; SQL Server, Windows Server, Visual Studio, System Center, and related Client Access Licenses (“CALs”); and Nuance and GitHub

Windows OEM revenue growth

Revenue from sales of Windows Pro and non-Pro licenses sold through the OEM channel

 

 

 

Windows Commercial products and cloud services revenue growth

Revenue from Windows Commercial products and cloud services, comprising volume licensing of the Windows operating system, Windows cloud services, and other Windows commercial offerings

 

 

 

Devices revenue growth

Revenue from Devices, including Surface, HoloLens, and PC accessories

 

 

 

Xbox content and services revenue growth

Revenue from Xbox content and services, comprising first-party content (such as Activision Blizzard) and third-party content, including games and in-game content; Xbox Game Pass and other subscriptions; Xbox Cloud Gaming; advertising; third-party disc royalties; and other cloud services

 

 

 

Search and news advertising revenue (ex TAC) growth

Revenue from search and news advertising excluding traffic acquisition costs (“TAC”) paid to Bing Ads network publishers and news partners

(In millions, except percentages and per share amounts)

2024

2023

Percentage
Change

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

$

245,122

$

211,915

 

16%

Gross margin

 

171,008

 

146,052

 

17%

Operating income

 

109,433

 

88,523

 

24%

Net income

 

88,136

 

72,361

 

22%

Diluted earnings per share

 

11.80

 

9.68

 

22%

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjusted gross margin (non-GAAP)

 

 

171,008

 

 

 

146,204

 

 

 

17%

 

Adjusted operating income (non-GAAP)

 

 

109,433

 

 

 

89,694

 

 

 

22%

 

Adjusted net income (non-GAAP)

 

88,136

 

73,307

 

20%

Adjusted diluted earnings per share (non-GAAP)

 

11.80

 

9.81

 

20%

 

 

 

 

 

 

 

 

 

 

(In millions, except percentages)

2024

2023

Percentage
Change

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

 

Productivity and Business Processes

$

77,728

$

69,274

12%

Intelligent Cloud

 

105,362

 

87,907

20%

More Personal Computing

 

62,032

 

54,734

13%

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

245,122

$

211,915

16%

 

 

 

 

 

 

 

 

 

 

 

Operating Income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Productivity and Business Processes

$

40,540

$

34,189

 

19%

 

Intelligent Cloud

 

49,584

 

37,884

 

31%

 

More Personal Computing

 

19,309

 

16,450

 

17%

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

109,433

$

88,523

 

24%

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions, except percentages)

2024

2023

Percentage
Change

 

 

 

 

 

 

 

 

 

Research and development

$

29,510

$

27,195

 

9%

As a percent of revenue

12%

13%

(1)ppt

 

 

 

 

 

 

 

 

 

 

 

 

(In millions, except percentages)

2024

2023

Percentage
Change

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales and marketing

$

24,456

$

22,759

 

7%

 

As a percent of revenue

10%

11%

(1)ppt

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions, except percentages)

2024

2023

Percentage
Change

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

General and administrative

$

7,609

$

7,575

 

0%

As a percent of revenue

3%

4%

(1)ppt

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

2024

2023

 

 

Interest and dividends income

$

3,157

$

2,994

Interest expense

(2,935

)

(1,968

)

Net recognized gains (losses) on investments

(118

)

260

Net losses on derivatives

(187

)

(456

)

Net gains (losses) on foreign currency remeasurements

(244

)

181

 

Other, net

(1,319

)

(223

)

 

 

 

 

 

 

 

 

Total

$

(1,646

)

$

788

 

 

(In millions, except percentages and per share amounts)

2024

 

2023

 

Percentage
Change

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross margin

 

$

171,008

 

 

$

146,052

 

 

 

17%

 

Severance, hardware-related impairment, and lease consolidation costs

 

 

0

 

 

 

152

 

 

 

*

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjusted gross margin (non-GAAP)

 

$

171,008

 

 

$

146,204

 

 

 

17%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating income

 

$

109,433

 

 

$

88,523

 

 

 

24%

 

Severance, hardware-related impairment, and lease consolidation costs

 

 

0

 

 

 

1,171

 

 

 

*

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjusted operating income (non-GAAP)

 

$

109,433

 

 

$

89,694

 

 

 

22%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

$

88,136

 

$

72,361

 

 

22%

Severance, hardware-related impairment, and lease consolidation costs

 

0

 

 

946

 

 

*

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjusted net income (non-GAAP)

$

88,136

$

73,307

 

20%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per share

$

11.80

 

$

9.68

 

 

22%

Severance, hardware-related impairment, and lease consolidation costs

 

0

 

 

0.13

 

 

*

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjusted diluted earnings per share (non-GAAP)

$

11.80

 

$

9.81

 

 

20%

 

 

 

 

 

 

 

 

(In millions)

 

 

 

Three Months Ending

 

September 30, 2024

$

22,529

December 31, 2024

 

17,664

March 31, 2025

 

12,076

June 30, 2025

 

5,313

 

Thereafter

 

2,602

 

 

Total

$

60,184

 

(In millions)

2025

Thereafter

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Long-term debt: (a)

 

Principal payments

$

2,250

$

48,971

$

51,221

Interest payments

1,618

27,041

28,659

Construction commitments (b)

29,892

5,499

35,391

Operating and finance leases, including imputed interest (c)

12,250

160,475

172,725

Purchase commitments (d)

68,280

3,742

72,022

 

Total

$

114,290

$

245,728

$

360,018

 

 

 

 

 

 

 

 

 

Satya Nadella

Chief Executive Officer

 

Amy E. Hood

Executive Vice President and Chief Financial Officer

 

Alice L. Jolla

Corporate Vice President and Chief Accounting Officer

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Risk Categories

 

Hypothetical Change

June 30,

2024

Impact

 

 

 

 

 

 

 

 

 

 

 

Foreign currency – Revenue

10% decrease in foreign exchange rates

$

(9,605

)

 

 

Earnings

Foreign currency – Investments

10% decrease in foreign exchange rates

(38

)

 

 

Fair Value

Interest rate

100 basis point increase in U.S. treasury interest rates

(1,343

)

 

 

Fair Value

Credit

100 basis point increase in credit spreads

(318

)

 

 

Fair Value

Equity

10% decrease in equity market prices

(1,078

)

 

 

Earnings

 

 

 

 

 

 

 

 

 

 

 

(In millions, except per share amounts)

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

Revenue:

 

 

 

 

 

 

 

 

 

 

Product

 

$

64,773

$

64,699

$

72,732

Service and other

 

 

180,349

 

 

 

147,216

 

 

 

125,538

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenue

 

 

245,122

 

211,915

 

198,270

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of revenue:

 

 

 

 

 

 

 

 

 

 

 

 

Product

 

 

15,272

17,804

19,064

Service and other

 

 

58,842

 

 

 

48,059

 

 

 

43,586

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total cost of revenue

74,114

65,863

62,650

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross margin

171,008

146,052

135,620

Research and development

29,510

27,195

24,512

Sales and marketing

24,456

22,759

21,825

General and administrative

7,609

7,575

5,900

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating income

109,433

88,523

83,383

Other income (expense), net

(1,646

)

788

333

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income before income taxes

107,787

89,311

83,716

Provision for income taxes

19,651

16,950

10,978

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

$

88,136

$

72,361

$

72,738

 

 

 

 

 

 

Earnings per share:

Basic

$

11.86

$

9.72

$

9.70

Diluted

$

11.80

$

9.68

$

9.65

Weighted average shares outstanding:

Basic

7,431

7,446

7,496

Diluted

7,469

7,472

7,540

 

(In millions)

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

Net income

$

88,136

$

72,361

$

72,738

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive income (loss), net of tax:

 

 

 

 

 

 

 

 

 

 

 

 

Net change related to derivatives

 

24

 

 

(14

)

 

6

 

Net change related to investments

 

957

 

 

(1,444

)

 

(5,360

)

Translation adjustments and other

 

(228

)

 

(207

)

 

(1,146

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive income (loss)

753

 

(1,665

)

(6,500

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Comprehensive income

$

88,889

$

70,696

$

66,238

 

 

 

 

 

 

 

 

 

(In millions)

 

 

 

 

June 30,

2024

2023

 

 

Assets

Current assets:

Cash and cash equivalents

$

18,315

$

34,704

Short-term investments

57,228

76,558

 

 

 

 

 

 

 

 

 

 

Total cash, cash equivalents, and short-term investments

75,543

111,262

Accounts receivable, net of allowance for doubtful accounts of $830 and $650

56,924

48,688

Inventories

1,246

2,500

Other current assets

26,021

21,807

 

 

 

 

 

 

 

Total current assets

159,734

184,257

Property and equipment, net of accumulated depreciation of $76,421 and $68,251

 

135,591

95,641

Operating lease right-of-use assets

 

 

18,961

 

 

 

14,346

 

Equity and other investments

14,600

9,879

Goodwill

119,220

67,886

Intangible assets, net

27,597

9,366

Other long-term assets

36,460

30,601

 

 

 

 

 

 

 

Total assets

$

512,163

$

411,976

 

 

 

 

 

 

 

 

 

 

Liabilities and stockholders’ equity

Current liabilities:

Accounts payable

$

21,996

$

18,095

Short-term debt

 

 

6,693

 

 

 

0

 

Current portion of long-term debt

 

 

2,249

 

 

 

5,247

 

Accrued compensation

12,564

11,009

Short-term income taxes

5,017

 

4,152

Short-term unearned revenue

57,582

50,901

Other current liabilities

19,185

14,745

 

 

 

 

 

 

 

Total current liabilities

125,286

104,149

Long-term debt

42,688

41,990

Long-term income taxes

 

 

27,931

 

 

 

25,560

 

Long-term unearned revenue

2,602

2,912

Deferred income taxes

2,618

433

Operating lease liabilities

 

 

15,497

 

 

 

12,728

 

Other long-term liabilities

27,064

17,981

 

 

 

 

 

 

 

 

Total liabilities

243,686

205,753

 

 

 

 

 

 

 

 

Commitments and contingencies

Stockholders’ equity:

Common stock and paid-in capital – shares authorized 24,000; outstanding 7,434 and 7,432

100,923

93,718

Retained earnings

173,144

118,848

Accumulated other comprehensive loss

(5,590

)

(6,343

)

 

 

 

 

 

 

 

Total stockholders’ equity

268,477

206,223

 

 

 

 

 

 

 

 

Total liabilities and stockholders’ equity

$

512,163

$

411,976

 

 

(In millions)

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

Operations

Net income

$

88,136

 

$

72,361

 

$

72,738

 

Adjustments to reconcile net income to net cash from operations:

Depreciation, amortization, and other

22,287

13,861

14,460

Stock-based compensation expense

10,734

9,611

7,502

Net recognized losses (gains) on investments and derivatives

305

 

196

 

(409

)

Deferred income taxes

(4,738

)

(6,059

)

(5,702

)

Changes in operating assets and liabilities:

Accounts receivable

(7,191

)

(4,087

)

(6,834

)

Inventories

1,284

 

 

1,242

 

(1,123

)

Other current assets

(1,648

)

(1,991

)

(709

)

Other long-term assets

(6,817

)

(2,833

)

(2,805

)

Accounts payable

3,545

 

(2,721

)

2,943

 

Unearned revenue

 

 

5,348

 

 

 

5,535

 

 

 

5,109

 

Income taxes

 

 

1,687

 

 

 

(358

)

 

 

696

 

Other current liabilities

4,867

 

 

2,272

 

2,344

 

Other long-term liabilities

749

553

825

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net cash from operations

118,548

87,582

89,035

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financing

Proceeds from issuance of debt, maturities of 90 days or less, net

 

 

5,250

 

 

 

0

 

 

 

0

 

Proceeds from issuance of debt

 

 

24,395

 

 

 

0

 

 

 

0

 

Repayments of debt

(29,070

)

(2,750

)

(9,023

)

Common stock issued

2,002

1,866

1,841

Common stock repurchased

(17,254

)

(22,245

)

(32,696

)

Common stock cash dividends paid

(21,771

)

(19,800

)

(18,135

)

Other, net

(1,309

)

(1,006

)

(863

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net cash used in financing

(37,757

)

(43,935

)

(58,876

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investing

Additions to property and equipment

(44,477

)

(28,107

)

(23,886

)

Acquisition of companies, net of cash acquired, and purchases of intangible and other assets

(69,132

)

(1,670

)

(22,038

)

Purchases of investments

(17,732

)

(37,651

)

(26,456

)

Maturities of investments

24,775

33,510

16,451

Sales of investments

10,894

14,354

28,443

Other, net

(1,298

)

(3,116

)

(2,825

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net cash used in investing

(96,970

)

(22,680

)

(30,311

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Effect of foreign exchange rates on cash and cash equivalents

(210

)

(194

)

(141

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net change in cash and cash equivalents

(16,389

)

20,773

 

(293

)

Cash and cash equivalents, beginning of period

34,704

13,931

14,224

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents, end of period

$

18,315

$

34,704

$

13,931

 

 

 

(In millions, except per share amounts)

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

Common stock and paid-in capital

Balance, beginning of period

$

93,718

$

86,939

$

83,111

Common stock issued

2,002

1,866

1,841

Common stock repurchased

(5,712

)

(4,696

)

(5,688

)

Stock-based compensation expense

10,734

9,611

7,502

Other, net

181

 

(2

)

173

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, end of period

100,923

93,718

86,939

 

 

 

 

 

 

 

 

 

 

 

 

 

Retained earnings

Balance, beginning of period

118,848

 

84,281

 

57,055

 

Net income

88,136

72,361

72,738

Common stock cash dividends

(22,293

)

(20,226

)

(18,552

)

Common stock repurchased

(11,547

)

(17,568

)

(26,960

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, end of period

173,144

118,848

84,281

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated other comprehensive loss

Balance, beginning of period

(6,343

)

(4,678

)

1,822

 

Other comprehensive income (loss)

753

 

(1,665

)

(6,500

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, end of period

(5,590

)

(6,343

)

(4,678

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Total stockholders’ equity

$

268,477

$

206,223

$

166,542

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash dividends declared per common share

$

3.00

 

 

$

2.72

 

$

2.48

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

 

 

2024

 

 

2023

 

 

2022

 

 

 

 

 

 

 

 

 

Balance, beginning of period

$

716

 

$

710

 

$

798

Charged to costs and other

386

258

 

157

Write-offs

(218

)

(252

)

 

(245

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, end of period

$

884

 

$

716

 

$

710

 

 

 

 

 

 

 

 

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30,

 

 

2024

 

 

2023

 

 

2022

 

 

 

 

 

 

 

 

 

Accounts receivable, net of allowance for doubtful accounts

$

830

 

$

650

 

$

633

Other long-term assets

54

 

 

66

 

 

77

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

884

 

$

716

 

$

710

 

 

 

 

 

 

 

 

 

(In millions, except per share amounts)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

 

 

 

 

 

 

 

 

 

Net income available for common shareholders (A)

$

88,136

$

72,361

$

72,738

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average outstanding shares of common stock (B)

7,431

7,446

7,496

Dilutive effect of stock-based awards

38

26

44

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common stock and common stock equivalents (C)

7,469

7,472

7,540

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

 

Basic (A/B)

$

11.86

$

9.72

$

9.70

Diluted (A/C)

$

11.80

$

9.68

$

9.65

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

Interest and dividends income

$

3,157

$

2,994

$

2,094

Interest expense

(2,935

)

(1,968

)

(2,063

)

Net recognized gains (losses) on investments

(118

)

260

461

Net losses on derivatives

(187

)

(456

)

(52

)

Net gains (losses) on foreign currency remeasurements

(244

)

181

 

(75

)

Other, net

(1,319

)

(223

)

(32

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

(1,646

)

$

788

$

333

 

 

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

Realized gains from sales of available-for-sale securities

$

22

 

$

36

 

$

162

 

Realized losses from sales of available-for-sale securities

(98

)

(124

)

(138

)

Impairments and allowance for credit losses

23

 

(10

)

(81

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

(53

)

$

(98

)

$

(57

)

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

Net realized gains on investments sold

$

18

 

$

75

 

$

29

 

Net unrealized gains on investments still held

146

 

303

 

509

 

Impairments of investments

(229

)

(20

)

(20

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

(65

)

$

358

$

518

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

 

Fair Value

Level

 

 

Adjusted

Cost Basis

 

 

Unrealized

Gains

 

 

Unrealized

Losses

 

 

Recorded

Basis

 

 

Cash

and Cash

Equivalents

 

Short-term

Investments

 

 

Equity and Other

Investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Changes in Fair Value Recorded in Other Comprehensive Income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial paper

 

 

Level 2

 

$

4,666

$

0

$

0

$

4,666

$

4,666

$

0

$

0

Certificates of deposit

 

 

Level 2

 

 

1,547

0

0

1,547

1,503

44

0

U.S. government securities

 

 

Level 1

 

49,603

 

 

 

4

 

 

 

(2,948

)

 

 

46,659

 

 

 

14

 

 

 

46,645

 

 

 

0

U.S. agency securities

 

 

Level 2

 

 

 

17

 

 

 

0

 

 

 

0

 

 

 

17

 

 

 

0

 

 

 

17

 

 

 

0

 

Foreign government bonds

 

 

Level 2

 

319

 

 

 

3

 

 

 

(16

)

 

 

306

 

 

 

0

 

 

 

306

 

 

 

0

Mortgage- and asset-backed securities

 

 

Level 2

 

944

 

 

 

3

 

 

 

(35

)

 

 

912

 

 

 

0

 

 

 

912

 

 

 

0

Corporate notes and bonds

 

 

Level 2

 

9,106

 

 

 

28

 

 

 

(318

)

 

 

8,816

 

 

 

0

 

 

 

8,816

 

 

 

0

Corporate notes and bonds

 

 

Level 3

 

 

 

1,641

 

 

 

0

 

 

 

(1

)

 

 

1,640

 

 

 

0

 

 

 

140

 

 

 

1,500

 

Municipal securities

 

 

Level 2

 

262

 

 

 

0

 

 

 

(13

)

 

 

249

 

 

 

0

 

 

 

249

 

 

 

0

 

Municipal securities

 

 

Level 3

 

104

 

 

 

0

 

 

 

(17

)

 

 

87

 

 

 

0

 

 

 

87

 

 

 

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total debt investments

 

 

 

 

 

$

68,209

 

 

$

38

 

 

$

(3,348

)

 

$

64,899

 

 

$

6,183

 

 

$

57,216

 

 

$

1,500

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Changes in Fair Value Recorded in Net Income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity investments

 

 

Level 1

 

 

 

 

 

 

 

 

 

 

 

 

$

3,547

 

 

$

561

 

 

$

0

 

 

$

2,986

Equity investments

 

 

Other

 

 

 

 

 

 

 

 

 

 

 

 

 

10,114

 

 

 

0

 

 

 

0

 

 

 

10,114

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total equity investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

13,661

 

 

$

561

 

 

$

0

 

 

$

13,100

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

11,571

 

 

$

11,571

 

 

$

0

 

 

$

0

 

Derivatives, net (a)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

12

 

 

 

0

 

 

 

12

 

 

 

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

90,143

 

 

$

18,315

 

 

$

57,228

 

 

$

14,600

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

 

Fair Value

Level

 

 

Adjusted

Cost Basis

 

 

Unrealized

Gains

 

 

Unrealized

Losses

 

 

Recorded

Basis

 

 

Cash

and Cash

Equivalents

 

Short-term

Investments

 

 

Equity and Other

Investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Changes in Fair Value Recorded in Other Comprehensive Income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial paper

 

 

Level 2

 

$

16,589

$

0

$

0

$

16,589

$

12,231

$

4,358

$

0

Certificates of deposit

 

 

Level 2

 

 

2,701

0

0

2,701

2,657

44

0

U.S. government securities

 

 

Level 1

 

65,237

2

(3,870

)

61,369

2,991

58,378

0

U.S. agency securities

 

 

Level 2

 

 

 

2,703

 

 

 

0

 

 

0

 

 

 

2,703

 

 

 

894

 

 

 

1,809

 

 

 

0

 

Foreign government bonds

 

 

Level 2

 

498

1

(24

)

475

0

475

0

Mortgage- and asset-backed securities

 

 

Level 2

 

824

1

(39

)

786

0

786

0

Corporate notes and bonds

 

 

Level 2

 

10,809

8

(583

)

10,234

0

10,234

0

Corporate notes and bonds

 

 

Level 3

 

 

 

120

 

 

 

0

 

 

0

 

 

 

120

 

 

 

0

 

 

 

120

 

 

 

0

 

Municipal securities

 

 

Level 2

 

285

1

(18

)

268

7

261

0

 

Municipal securities

 

 

Level 3

 

103

0

(16

)

87

0

87

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total debt investments

 

 

 

 

 

$

99,869

 

 

$

13

 

$

(4,550

)

$

95,332

 

 

$

18,780

 

 

$

76,552

 

 

$

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Changes in Fair Value Recorded in Net Income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity investments

 

 

Level 1

 

 

 

 

 

$

10,138

$

7,446

$

0

$

2,692

Equity investments

 

 

Other

 

 

 

 

7,187

0

0

 

7,187

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total equity investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

17,325

 

 

$

7,446

 

 

$

0

 

 

$

9,879

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

8,478

 

 

$

8,478

 

 

$

0

 

 

$

0

 

Derivatives, net (a)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6

 

 

 

0

 

 

 

6

 

 

 

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

$

121,141

$

34,704

$

76,558

$

9,879

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less than 12 Months

12 Months or Greater

Total
Unrealized
Losses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

Fair Value

Unrealized
Losses

Fair Value

Unrealized
Losses

Total
Fair Value

 

 

 

 

 

 

 

 

June 30, 2024

 

 

 

 

 

 

U.S. government and agency securities

 

$

529

 

 

$

(12

)

 

$

45,821

 

 

$

(2,936

)

 

$

46,350

 

 

$

(2,948

)

Foreign government bonds

 

 

79

 

 

 

(2

)

 

 

180

 

 

 

(14

)

 

 

259

 

 

 

(16

)

Mortgage- and asset-backed securities

 

 

201

 

 

 

(1

)

 

 

409

 

 

 

(34

)

 

 

610

 

 

 

(35

)

Corporate notes and bonds

 

 

1,310

 

 

 

(9

)

 

 

5,779

 

 

 

(310

)

 

 

7,089

 

 

 

(319

)

Municipal securities

 

 

38

 

 

 

(1

)

 

 

243

 

 

 

(29

)

 

 

281

 

 

 

(30

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

2,157

 

 

$

(25

)

 

$

52,432

 

 

$

(3,323

)

 

$

54,589

 

 

$

(3,348

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less than 12 Months

 

 

12 Months or Greater

 

 

 

 

 

 

 

Total
Unrealized
Losses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

 

 

Fair Value

 

 

 

Unrealized
Losses

 

 

 

Fair Value

 

 

 

Unrealized
Losses

 

 

 

Total
Fair Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government and agency securities

$

7,950

$

(336

)

$

45,273

$

(3,534

)

 

$

53,223

$

(3,870

)

Foreign government bonds

77

(5

)

391

(19

)

 

468

(24

)

Mortgage- and asset-backed securities

257

(5

)

412

(34

)

 

669

(39

)

Corporate notes and bonds

2,326

(49

)

7,336

(534

)

 

9,662

(583

)

Municipal securities

 

 

111

 

 

 

(3

)

 

 

186

 

 

 

(31

)

 

 

297

 

 

 

(34

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

10,721

$

(398

)

$

53,598

$

(4,152

)

 

$

64,319

$

(4,550

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

Adjusted

Cost Basis

Estimated

Fair Value

 

 

 

 

June 30, 2024

 

 

Due in one year or less

$

19,815

$

19,596

Due after one year through five years

38,954

36,779

Due after five years through 10 years

8,028

7,242

Due after 10 years

1,412

1,282

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

68,209

$

64,899

 

 

(In millions)

June 30,

2024

June 30,

2023

 

 

 

 

 

 

 

 

 

 

 

 

Designated as Hedging Instruments

 

 

Foreign exchange contracts purchased

 

$

1,492

 

 

$

1,492

 

Interest rate contracts purchased

 

 

1,100

 

 

 

1,078

 

 

 

Not Designated as Hedging Instruments

 

 

Foreign exchange contracts purchased

 

 

7,167

 

 

 

7,874

 

Foreign exchange contracts sold

 

 

31,793

 

 

 

25,159

 

Equity contracts purchased

 

 

4,016

 

 

 

3,867

 

Equity contracts sold

 

 

2,165

 

 

 

2,154

 

Other contracts purchased

2,113

 

1,224

Other contracts sold

811

 

581

 

 

 

 

 

 

 

 

 

 

Derivative

 

Derivative

 

Derivative

 

Derivative

 

(In millions)

Assets

Liabilities

Assets

Liabilities

 

June 30,

2024

June 30,

2023

 

Designated as Hedging Instruments

Foreign exchange contracts

$

24

$

(76

)

$

34

$

(67

)

Interest rate contracts

19

0

16

0

Not Designated as Hedging Instruments

Foreign exchange contracts

213

(230

)

249

(332

)

Equity contracts

 

 

63

 

 

 

(491

)

 

 

165

 

 

 

(400

)

Other contracts

12

(3

)

5

(6

)

Gross amounts of derivatives

331

(800

)

469

(805

)

Gross amounts of derivatives offset in the balance sheets

(151

)

152

(202

)

206

Cash collateral received

0

(104

)

0

(125

)

Net amounts of derivatives

$

180

$

(752

)

$

267

$

(724

)

Reported as

Short-term investments

$

12

$

0

$

6

$

0

Other current assets

149

0

245

0

Other long-term assets

19

0

16

0

Other current liabilities

0

(401

)

0

(341

)

Other long-term liabilities

0

(351

)

0

(383

)

Total

$

180

$

(752

)

$

267

$

(724

)

(In millions)

 

Level 1

 

 

 

Level 2

 

 

Level 3

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative assets

 

$

0

 

 

$

327

 

 

$

4

 

 

$

331

 

Derivative liabilities

 

 

(1

)

 

 

(799

)

 

 

0

 

 

 

(800

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative assets

 

 

0

 

 

 

462

 

 

 

7

 

 

 

469

 

Derivative liabilities

 

 

0

 

 

 

(805

)

 

 

0

 

 

 

(805

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

Designated as Fair Value Hedging Instruments

Foreign exchange contracts

Derivatives

$

0

 

$

0

 

$

49

 

Hedged items

 

0

 

 

0

 

 

(50

)

Excluded from effectiveness assessment

 

0

 

 

0

 

 

4

 

Interest rate contracts

Derivatives

 

(23

)

 

(65

)

 

(92

)

Hedged items

 

(25

)

 

38

 

 

108

 

 

 

 

 

 

 

 

 

 

Designated as Cash Flow Hedging Instruments

Foreign exchange contracts

Amount reclassified from accumulated other comprehensive loss

 

(48

)

 

 

61

 

 

(79

)

 

 

 

 

 

 

 

 

 

Not Designated as Hedging Instruments

 

 

 

 

 

 

 

 

 

Foreign exchange contracts

 

367

 

 

(73

)

 

383

 

Equity contracts

 

 

(177

)

 

 

(420

)

 

 

13

 

Other contracts

 

(15

)

 

(41

)

 

(85

)

 

 

 

 

 

 

 

 

 

(In millions)

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

Designated as Cash Flow Hedging Instruments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign exchange contracts

 

 

 

 

 

 

 

 

 

 

 

Included in effectiveness assessment

$

(14

)

 

$

34

 

$

(57

)

 

 

 

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

June 30,

2024

2023

 

 

Raw materials

$

394

$

709

Work in process

7

23

Finished goods

845

1,768

 

 

 

 

 

 

 

Total

$

1,246

$

2,500

 

 

(In millions)

 

 

 

 

June 30,

2024

2023

 

 

Land

$

8,163

$

5,683

Buildings and improvements

93,943

68,465

Leasehold improvements

9,594

8,537

Computer equipment and software

93,780

74,961

Furniture and equipment

6,532

6,246

 

 

 

 

 

 

 

 

Total, at cost

212,012

163,892

Accumulated depreciation

(76,421

)

(68,251

)

 

 

 

 

 

 

 

 

Total, net

$

135,591

$

95,641

 

 

(In millions)

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

$

12,976

Goodwill

 

50,969

Intangible assets

 

 

21,969

 

Other assets

 

 

2,501

 

Long-term debt

 

 

(2,799

)

Long-term income taxes

 

 

(1,914

)

Deferred income taxes

 

 

(4,677

)

Other liabilities

 

(3,617

)

 

 

 

 

 

 

 

Total purchase price

$

75,408

 

 

 

(In millions, except average life)

Amount

 

 

Weighted

Average Life

 

 

 

Marketing-related

$

11,619

24 years

Technology-based

9,689

4 years

Customer-related

661

4 years

 

 

Fair value of intangible assets acquired

$

21,969

 

 

 

15 years

 

 

(In millions)

Year Ended June 30,

2024

Revenue

$

5,729

Operating loss

(1,362

)

 

 

 

 

(In millions, except per share amounts)

Year Ended June 30,

2024

2023

Revenue

$

247,442

$

219,790

Net income

88,308

71,383

Diluted earnings per share

11.82

9.55

 

 

 

 

 

 

 

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill (a)

 

 

$

16,326

 

Intangible assets

 

 

 

4,365

 

Other assets

 

 

 

42

 

Other liabilities (b)

 

 

 

(1,972

)

 

 

 

 

 

 

 

 

Total

 

 

$

18,761

 

 

 

(In millions, except average life)

 

Amount

 

 

Weighted

Average Life

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer-related

 

$

2,610

 

9 years

 

Technology-based

 

 

1,540

 

5 years

 

Marketing-related

 

 

215

 

 

4 years

 

 

 

 

 

 

 

 

 

 

Total

 

$

4,365

 

7 years

 

 

(In millions)

 

June 30,

2022

 

Acquisitions

 

Other

 

June 30,

2023

 

 

 

Acquisitions

 

 

 

Other

 

June 30,
2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Productivity and Business Processes

$

24,811

$

11

$

(47

)

$

24,775

$

0

 

 

$

2

 

$

24,777

Intelligent Cloud

30,182

223

64

 

30,469

0

 

 

(28

)

30,441

More Personal Computing

12,531

0

111

12,642

51,235

(a)

 

125

(a)

64,002

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

67,524

 

$

234

$

128

 

$

67,886

 

 

$

51,235

 

$

99

 

$

119,220

 

 

 

 

 

 

 

 

 

 

 

(In millions)

Gross
Carrying
Amount

Accumulated
Amortization

Net Carrying
Amount

Gross
Carrying
Amount

 

Accumulated
Amortization

Net Carrying
Amount

 

 

 

 

 

 

 

 

June 30,

 

 

 

 

 

 

2024

 

 

 

 

 

 

 

 

2023

 

 

 

 

 

 

Marketing-related

$

16,500

$

(3,101

)

$

13,399

$

4,935

$

(2,473

)

$

2,462

Technology-based

21,913

(10,741

)

11,172

11,245

(7,589

)

3,656

Customer-related

6,038

(3,051

)

2,987

7,281

(4,047

)

3,234

Contract-based

58

(19

)

39

29

(15

)

14

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

44,509

(a)

$

(16,912

)

$

27,597

$

23,490

 

$

(14,124

)

$

9,366

 

 

 

 

 

 

 

 

(In millions)

Amount

Weighted

Average Life

Amount

Weighted

Average Life

 

 

 

 

 

 

Year Ended June 30,

2024

2023

 

 

 

 

Marketing-related

$

11,619

24 years

$

7

5 years

Technology-based

 

10,947

4 years

 

522

7 years

 

Customer-related

660

4 years

0

0 years

Contract-based

 

 

38

 

 

 

4 years

 

 

 

12

 

 

 

3 years

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

23,264

14 years

$

541

6 years

 

 

(In millions)

 

 

 

Year Ending June 30,

 

2025

$

5,892

2026

4,471

2027

2,793

2028

1,909

2029

1,728

Thereafter

10,804

 

 

 

 

 

Total

$

27,597

 

(In millions, issuance by calendar year)

Maturities

(calendar year)

Stated Interest

Rate

 

Effective Interest

Rate

 

June 30,

2024

June 30,

2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2009 issuance of $3.8 billion

 

 

 

2039

 

 

5.20%

 

 

 

5.24%

 

 

$

520

$

520

2010 issuance of $4.8 billion

 

 

2040

 

 

4.50%

 

 

 

4.57%

 

 

486

486

2011 issuance of $2.3 billion

 

 

2041

 

 

5.30%

 

 

 

5.36%

 

 

718

718

2012 issuance of $2.3 billion

 

 

 

 

2042

 

 

 

 

3.50%

 

 

 

 

3.57%

 

 

 

454

 

 

 

454

 

2013 issuance of $5.2 billion

 

 

2043

3.75%

4.88%

 

3.83%

4.92%

 

 

314

1,814

2013 issuance of €4.1 billion

 

 

2028

2033

 

 

2.63%

3.13%

 

 

2.69%

3.22%

 

 

 

2,465

 

 

 

2,509

 

2015 issuance of $23.8 billion

2025

2055

2.70%

4.75%

 

2.77%

4.78%

 

 

9,805

9,805

2016 issuance of $19.8 billion

2026

2056

2.40%

3.95%

 

2.46%

4.03%

 

 

7,930

9,430

2017 issuance of $17.1 billion (a)

2026

2057

3.30%

4.50%

 

3.38%

5.49%

 

 

6,833

8,945

2020 issuance of $10.1 billion (a)

2030

2060

1.35%

2.68%

 

2.53%

5.43%

 

 

10,111

10,000

2021 issuance of $8.2 billion

 

 

2052

2062

 

 

2.92%

3.04%

 

 

2.92%

3.04%

 

 

 

8,185

 

 

 

8,185

 

2023 issuance of $0.1 billion (a)

 

 

2026

2050

 

 

1.35%

4.50%

 

 

5.16%

5.49%

 

 

 

56

 

 

 

0

 

2024 issuance of $3.3 billion (a)

 

 

2026

2050

 

 

1.35%

4.50%

 

 

5.16%

5.49%

 

 

 

3,344

 

 

 

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total face value

 

 

 

 

 

 

51,221

52,866

Unamortized discount and issuance costs

 

 

 

 

 

 

 

 

 

 

 

 

(1,227

)

 

 

(438

)

Hedge fair value adjustments (b)

 

 

 

 

 

 

 

 

 

 

 

 

(81

)

 

 

(106

)

Premium on debt exchange

 

 

 

 

 

 

 

 

 

 

 

 

(4,976

)

 

 

(5,085

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total debt

 

 

 

 

 

 

 

 

 

44,937

47,237

Current portion of long-term debt

 

 

 

 

 

 

 

 

 

 

 

 

(2,249

)

 

 

(5,247

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Long-term debt

 

 

 

 

 

 

 

 

 

 

 

$

42,688

 

 

$

41,990

 

 

 

 

 

 

 

(In millions)

 

 

Year Ending June 30,

2025

$

2,250

2026

3,000

2027

9,250

2028

0

2029

1,876

Thereafter

34,845

Total

$

51,221

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

Current Taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. federal

$

12,165

 

$

14,009

 

$

8,329

 

U.S. state and local

 

 

2,366

 

 

 

2,322

 

 

 

1,679

 

Foreign

 

9,858

 

 

6,678

 

 

6,672

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current taxes

$

24,389

 

 

$

23,009

 

 

$

16,680

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred Taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. federal

$

(4,791

)

 

$

(6,146

)

 

$

(4,815

)

U.S. state and local

 

 

(379

)

 

 

(477

)

 

 

(1,062

)

Foreign

 

432

 

 

 

564

 

 

 

175

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred taxes

$

(4,738

)

 

$

(6,059

)

 

$

(5,702

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Provision for income taxes

$

19,651

 

$

16,950

 

$

10,978

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

U.S.

$

62,886

 

$

52,917

 

$

47,837

 

Foreign

44,901

36,394

35,879

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income before income taxes

$

107,787

$

89,311

$

83,716

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

Federal statutory rate

21.0%

 

21.0%

 

21.0%

 

Effect of:

 

 

 

Foreign earnings taxed at lower rates

(1.4)%

 

(1.8)%

 

(1.3)%

 

Impact of intangible property transfers

 

 

0%

 

 

 

0%

 

 

 

(3.9)%

 

Foreign-derived intangible income deduction

 

 

(1.1)%

 

 

 

(1.3)%

 

 

 

(1.1)%

 

State income taxes, net of federal benefit

 

 

1.5%

 

 

 

1.6%

 

 

 

1.4%

 

Research and development credit

 

 

(1.1)%

 

 

 

(1.1)%

 

 

 

(0.9)%

 

Excess tax benefits relating to stock-based compensation

 

 

(1.1)%

 

 

 

(0.7)%

 

 

 

(1.9)%

 

Interest, net

 

 

1.1%

 

 

 

0.8%

 

 

 

0.5%

 

Other reconciling items, net

(0.7)%

 

0.5%

 

(0.7)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Effective rate

18.2%

 

19.0%

 

13.1%

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

June 30,

2024

2023

 

 

Deferred Income Tax Assets

 

 

Stock-based compensation expense

$

765

$

681

Accruals, reserves, and other expenses

4,381

3,131

Loss and credit carryforwards

1,741

1,441

Amortization

 

 

4,159

 

 

 

9,440

 

Leasing liabilities

 

 

6,504

 

 

 

5,041

 

Unearned revenue

 

 

3,717

 

 

 

3,296

 

Book/tax basis differences in investments and debt

 

 

9

 

 

 

373

 

Capitalized research and development

 

 

11,442

 

 

 

6,958

 

Other

426

489

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred income tax assets

 

33,144

 

30,850

Less valuation allowance

(1,045

)

(939

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred income tax assets, net of valuation allowance

$

32,099

$

29,911

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred Income Tax Liabilities

 

 

Leasing assets

 

$

(6,503

)

 

$

(4,680

)

Depreciation

 

 

(3,940

)

 

 

(2,674

)

Deferred tax on foreign earnings

 

 

(1,837

)

 

 

(2,738

)

Other

(167

)

(89

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred income tax liabilities

$

(12,447

)

$

(10,181

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net deferred income tax assets

$

19,652

 

$

19,730

 

 

 

 

 

 

 

 

 

 

 

Reported As

 

 

Other long-term assets

 

$

22,270

 

 

$

20,163

 

Long-term deferred income tax liabilities

(2,618

)

(433

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net deferred income tax assets

$

19,652

 

$

19,730

 

 

 

 

 

 

 

 

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

Beginning unrecognized tax benefits

$

17,120

$

15,593

$

14,550

Decreases related to settlements

(76

)

(329

)

(317

)

Increases for tax positions related to the current year

1,903

1,051

1,145

Increases for tax positions related to prior years (a)

4,289

870

461

Decreases for tax positions related to prior years

(464

)

(60

)

(246

)

Decreases due to lapsed statutes of limitations

(12

)

(5

)

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending unrecognized tax benefits

$

22,760

$

17,120

$

15,593

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

 

 

 

 

June 30,

2024

2023

 

 

Productivity and Business Processes

 

$

30,879

$

27,572

Intelligent Cloud

23,117

21,563

More Personal Computing

6,188

 

4,678

 

 

 

 

 

 

 

Total

$

60,184

$

53,813

 

 

(In millions)

 

 

 

 

 

Year Ended June 30, 2024

 

 

 

Balance, beginning of period

 

$

53,813

Deferral of revenue

 

148,701

Recognition of unearned revenue

 

(142,330

)

 

 

 

 

 

 

 

 

Balance, end of period

 

$

60,184

 

 

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

2024

 

 

2023

 

 

 

2022

 

 

 

 

 

 

 

 

 

Operating lease cost

$

3,555

 

$

2,875

 

$

2,461

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Finance lease cost:

 

 

 

 

 

 

 

 

Amortization of right-of-use assets

$

1,800

 

$

1,352

 

$

980

 

Interest on lease liabilities

734

 

 

501

 

 

429

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total finance lease cost

$

2,534

 

$

1,853

 

$

1,409

 

 

 

 

 

 

 

 

 

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

2024

 

 

2023

 

 

 

2022

 

 

 

 

 

 

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

$

3,550

 

 

$

2,706

 

 

$

2,368

 

Operating cash flows from finance leases

 

734

 

 

 

501

 

 

 

429

 

Financing cash flows from finance leases

 

1,286

 

 

 

1,056

 

 

 

896

 

 

 

 

 

 

 

 

 

 

Right-of-use assets obtained in exchange for lease obligations:

 

 

 

 

 

 

 

 

 

 

 

Operating leases

 

 

6,703

 

 

 

3,514

 

 

 

5,268

 

Finance leases

 

 

11,633

 

 

 

3,128

 

 

 

4,234

 

 

 

 

 

 

 

 

 

 

(In millions, except lease term and discount rate)

 

 

 

 

 

 

 

 

 

June 30,

 

2024

 

2023

 

 

 

Operating Leases

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating lease right-of-use assets

 

$

18,961

 

 

$

14,346

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other current liabilities

 

$

3,580

 

 

$

2,409

 

Operating lease liabilities

 

 

15,497

 

 

 

12,728

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total operating lease liabilities

 

$

19,077

 

 

$

15,137

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Finance Leases

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Property and equipment, at cost

 

$

32,248

 

 

$

20,538

 

Accumulated depreciation

 

 

(6,386

)

 

 

(4,647

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Property and equipment, net

 

$

25,862

 

 

$

15,891

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other current liabilities

 

$

2,349

 

 

$

1,197

 

Other long-term liabilities

 

 

24,796

 

 

 

15,870

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total finance lease liabilities

 

$

27,145

 

 

$

17,067

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted Average Remaining Lease Term

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating leases

 

 

7 years

 

 

 

8 years

 

Finance leases

 

 

12 years

 

 

 

11 years

 

 

 

 

 

 

 

 

 

Weighted Average Discount Rate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating leases

 

 

3.3%

 

 

 

2.9%

 

Finance leases

 

 

3.9%

 

 

 

3.4%

 

 

 

 

 

 

 

 

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ending June 30,

Operating

 Leases

Finance

 Leases

 

 

2025

$

4,124

$

3,311

2026

3,549

3,021

2027

 

 

2,981

 

 

 

3,037

 

2028

2,405

3,026

2029

1,924

2,638

Thereafter

6,587

19,116

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total lease payments

 

21,570

34,149

Less imputed interest

(2,493

)

(7,004

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

19,077

 

$

27,145

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

Balance, beginning of year

7,432

7,464

7,519

Issued

34

37

40

Repurchased

(32

)

(69

)

(95

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, end of year

7,434

7,432

7,464

 

 

 

 

 

 

 

 

(In millions)

Shares

Amount

Shares

Amount

 

Shares

 

Amount

 

 

 

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

 

 

 

 

First Quarter

11

 

$

3,560

17

 

$

4,600

21

 

$

6,200

Second Quarter

7

 

 

2,800

20

 

 

4,600

20

 

 

6,233

Third Quarter

7

 

 

2,800

 

18

 

 

4,600

 

26

 

 

7,800

 

Fourth Quarter

7

2,800

 

14

4,600

 

28

7,800

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

32

$

11,960

69

$

18,400

95

$

28,033

 

 

 

 

 

 

Declaration Date

Record Date

 

 

Payment Date

 

Dividend

Per Share

 

 

Amount

 

 

 

Fiscal Year 2024

 

 

 

 

 

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 19, 2023

 

 

November 16, 2023

 

 

 

December 14, 2023

 

 

$

0.75

 

 

$

5,574

 

November 28, 2023

 

 

February 15, 2024

 

 

 

March 14, 2024

 

 

 

0.75

 

 

 

5,573

 

March 12, 2024

 

 

May 16, 2024

 

 

 

June 13, 2024

 

 

 

0.75

 

 

 

5,574

 

June 12, 2024

 

 

August 15, 2024

 

 

 

September 12, 2024

 

 

 

0.75

 

 

 

5,575

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

$

3.00

 

 

$

22,296

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 20, 2022

 

November 17, 2022

December 8, 2022

$

0.68

$

5,066

November 29, 2022

 

 

February 16, 2023

 

 

 

March 9, 2023

 

 

 

0.68

 

 

 

5,059

 

March 14, 2023

 

 

May 18, 2023

 

 

 

June 8, 2023

 

 

 

0.68

 

 

 

5,054

 

June 13, 2023

 

 

August 17, 2023

 

 

 

September 14, 2023

 

 

 

0.68

 

 

 

5,051

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

$

2.72

 

 

$

20,230

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

 

 

 

 

 

 

Year Ended June 30,

 

2024

2023

2022

 

 

 

Derivatives

 

 

 

 

Balance, beginning of period

 

$

(27

)

 

$

(13

)

$

(19

)

Unrealized gains (losses), net of tax of $(4), $9, and $(15)

 

(14

)

34

 

(57

)

Reclassification adjustments for (gains) losses included in other income (expense), net

 

 

48

 

 

 

(61

)

 

 

79

 

Tax expense (benefit) included in provision for income taxes

 

 

(10

)

 

 

13

 

 

 

(16

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amounts reclassified from accumulated other comprehensive loss

 

38

 

(48

)

63

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net change related to derivatives, net of tax of $6, $(4), and $1

 

24

 

(14

)

6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, end of period

 

$

(3

)

 

$

(27

)

$

(13

)

 

 

 

 

 

 

 

Investments

 

 

 

 

Balance, beginning of period

 

$

(3,582

)

$

(2,138

)

$

3,222

Unrealized gains (losses), net of tax of $247, $(393), and $(1,440)

 

915

 

(1,523

)

(5,405

)

Reclassification adjustments for losses included in other income (expense), net

 

 

53

 

 

 

99

 

 

 

57

 

Tax benefit included in provision for income taxes

 

 

(11

)

 

 

(20

)

 

 

(12

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Amounts reclassified from accumulated other comprehensive loss

 

 

42

 

79

 

45

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net change related to investments, net of tax of $258, $(373), and $(1,428)

 

 

957

 

(1,444

)

(5,360

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, end of period

 

$

(2,625

)

$

(3,582

)

$

(2,138

)

 

 

 

 

 

 

 

Translation Adjustments and Other

 

 

 

 

Balance, beginning of period

 

$

(2,734

)

$

(2,527

)

$

(1,381

)

Translation adjustments and other, net of tax of $0, $0, and $0

 

 

(228

)

(207

)

(1,146

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, end of period

 

$

(2,962

)

$

(2,734

)

$

(2,527

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated other comprehensive loss, end of period

 

$

(5,590

)

$

(6,343

)

$

(4,678

)

 

 

 

 

(In millions)

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

Stock-based compensation expense

$

10,734

$

9,611

$

7,502

Income tax benefits related to stock-based compensation

 

1,826

 

1,651

 

1,293

 

 

 

 

 

 

 

Year ended June 30,

 

 

 

 

2024

 

 

 

 

2023

 

 

 

 

2022

 

 

 

 

 

Dividends per share (quarterly amounts)

$

0.68 – 0.75

 

$

0.62 – 0.68

$

0.56 – 0.62

Interest rates

3.8% – 5.6%

2.0% – 5.4%

0.03% – 3.6%

 

 

Shares

Weighted Average

Grant-Date Fair

Value

 

 

(In millions)

Stock Awards

 

 

Nonvested balance, beginning of year

 

 

96

 

 

$

250.37

 

Granted (a)

41

 

339.46

Vested

(42

)

 

246.71

Forfeited

(7

)

 

270.59

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nonvested balance, end of year

88

$

292.28

 

 

 

(Shares in millions)

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

Shares purchased

6

7

7

Average price per share

$

339.46

$

245.59

$

259.55

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

 

 

2024

 

 

 

2023

 

 

 

2022

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Productivity and Business Processes

 

$

77,728

 

 

$

69,274

 

 

$

63,364

 

Intelligent Cloud

 

 

105,362

 

 

 

87,907

 

 

 

74,965

 

More Personal Computing

 

 

62,032

 

 

 

54,734

 

 

 

59,941

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

245,122

 

 

$

211,915

 

 

$

198,270

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Productivity and Business Processes

$

40,540

 

$

34,189

 

$

29,690

 

Intelligent Cloud

 

49,584

37,884

 

33,203

More Personal Computing

 

19,309

 

 

16,450

 

 

20,490

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

109,433

 

$

88,523

 

$

83,383

 

 

 

 

(In millions)

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

United States (a)

$

124,704

$

106,744

$

100,218

Other countries

120,418

105,171

98,052

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

245,122

$

211,915

$

198,270

 

 

 

(In millions)

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

Server products and cloud services

 

$

97,726

$

79,970

$

67,350

Office products and cloud services

54,875

 

48,848

44,970

Windows

23,244

21,507

24,732

Gaming

21,503

 

15,466

 

16,230

LinkedIn

 

16,372

 

 

14,989

 

13,631

Search and news advertising

12,576

 

12,158

 

11,526

Enterprise and partner services

 

 

7,594

 

 

 

7,900

 

 

 

7,605

 

Dynamics products and cloud services

 

 

6,481

 

 

 

5,437

 

 

 

4,687

 

Devices

4,706

5,521

7,306

Other

 

 

45

 

 

 

119

 

 

 

233

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

245,122

$

211,915

$

198,270

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

 

 

 

 

 

June 30,

2024

2023

2022

 

 

 

United States

$

186,106

$

114,380

$

106,430

Other countries

115,263

72,859

59,938

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

301,369

$

187,239

$

166,368

 

 

 

Index to Financial Statements

 

Page

Income Statements

 

56

 

 

Comprehensive Income Statements

 

57

 

 

Balance Sheets

 

58

 

 

Cash Flows Statements

 

59

 

 

Stockholders’ Equity Statements

 

60

 

 

Notes to Financial Statements

 

61

 

 

Report of Independent Registered Public Accounting Firm

 

94

Incorporated by Reference

Exhibit

Number

Exhibit Description

Filed

Herewith

Form

Period

Ending

Exhibit

Filing Date

 

 

 

 

 

 

 

3.1

Amended and Restated Articles of Incorporation of Microsoft Corporation

8-K

 

3.1

12/1/2016

 

 

 

 

 

 

3.2

Bylaws of Microsoft Corporation

 

 

8-K

3.2

7/3/2023

 

 

 

 

 

 

4.1

 

Indenture, dated as of May 18, 2009, between Microsoft Corporation and The Bank of New York Mellon Trust Company, N.A., as Trustee (“Base Indenture”)

 

 

 

 

S-3ASR

 

 

 

 

 

 

 

4.1

 

 

 

10/29/2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4.2

Form of First Supplemental Indenture for 2.95% Notes due 2014, 4.20% Notes due 2019, and 5.20% Notes due 2039, dated as of May 18, 2009, between Microsoft Corporation and The Bank of New York Mellon Trust Company, N.A., as Trustee, to the Base Indenture

8-K

4.2

5/15/2009

 

 

 

 

 

 

4.5

 

Form of Second Supplemental Indenture for 0.875% Notes due 2013, 1.625% Notes due 2015, 3.00% Notes due 2020, and 4.50% Notes due 2040, dated as of September 27, 2010, between Microsoft Corporation and The Bank of New York Mellon Trust Company, N.A., as Trustee, to the Indenture, dated as of May 18, 2009, between Microsoft Corporation and The Bank of New York Mellon Trust Company, N.A., as Trustee

 

 

 

 

8-K

 

 

 

 

 

 

 

4.2

 

 

 

9/27/2010

 

Incorporated by Reference

Exhibit

Number

Exhibit Description

Filed

Herewith

Form

Period

Ending

Exhibit

Filing Date

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4.6

Third Supplemental Indenture for 2.500% Notes due 2016, 4.000% Notes due 2021, and 5.300% Notes due 2041, dated as of February 8, 2011, between Microsoft Corporation and The Bank of New York Mellon Trust Company, N.A., as Trustee, to the Indenture, dated as of May 18, 2009, between Microsoft Corporation and The Bank of New York Mellon Trust Company, N.A., as Trustee

8-K

4.2

2/8/2011

 

 

 

 

 

 

4.7

Fourth Supplemental Indenture for 0.875% Notes due 2017, 2.125% Notes due 2022, and 3.500% Notes due 2042, dated as of November 7, 2012, between Microsoft Corporation and The Bank of New York Mellon Trust Company, N.A., as Trustee, to the Indenture, dated as of May 18, 2009, between Microsoft Corporation and The Bank of New York Mellon Trust Company, N.A., as Trustee

8-K

4.1

11/7/2012

 

 

 

 

 

 

 

4.8

Fifth Supplemental Indenture for 2.625% Notes due 2033, dated as of May 2, 2013, between Microsoft Corporation and The Bank of New York Mellon Trust Company, N.A., as Trustee, to the Indenture, dated as of May 18, 2009, between Microsoft Corporation and The Bank of New York Mellon Trust Company, N.A., as Trustee

8-K

4.1

5/1/2013

 

 

 

 

 

 

4.9

Sixth Supplemental Indenture for 1.000% Notes due 2018, 2.375% Notes due 2023, and 3.750% Notes due 2043, dated as of May 2, 2013, between Microsoft Corporation and The Bank of New York Mellon Trust Company, N.A., as Trustee, to the Indenture, dated as of May 18, 2009, between Microsoft Corporation and The Bank of New York Mellon Trust Company, N.A., as Trustee

8-K

4.2

5/1/2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4.10

 

Seventh Supplemental Indenture for 2.125% Notes due 2021 and 3.125% Notes due 2028, dated as of December 6, 2013, between Microsoft Corporation and The Bank of New York Mellon Trust Company, N.A., as Trustee, to the Indenture, dated as of May 18, 2009, between Microsoft Corporation and The Bank of New York Mellon Trust Company, N.A., as Trustee

 

 

 

 

8-K

 

 

 

 

 

 

 

4.1

 

 

 

12/6/2013

 

Incorporated by Reference

Exhibit

Number

Exhibit Description

Filed

Herewith

Form

Period

Ending

Exhibit

Filing Date

 

 

 

 

 

 

4.11

 

Eighth Supplemental Indenture for 1.625% Notes due 2018, 3.625% Notes due 2023, and 4.875% Notes due 2043, dated as of December 6, 2013, between Microsoft Corporation and The Bank of New York Mellon Trust Company, N.A., as Trustee, to the Indenture, dated as of May 18, 2009, between Microsoft Corporation and The Bank of New York Mellon Trust Company, N.A., as Trustee

 

 

 

 

8-K

 

 

 

 

 

 

 

4.2

 

 

 

12/6/2013

 

 

 

 

 

 

 

4.12

 

Ninth Supplemental Indenture for 1.850% Notes due 2020, 2.375% Notes due 2022, 2.700% Notes due 2025, 3.500% Notes due 2035, 3.750% Notes due 2045, and 4.000% Notes due 2055, dated as of February 12, 2015, between Microsoft Corporation and U.S. Bank National Association, as Trustee, to the Indenture, dated as of May 18, 2009, between Microsoft Corporation and The Bank of New York Mellon Trust Company, N.A., as trustee

 

 

 

 

8-K

 

 

 

 

 

 

 

4.1

 

 

 

2/12/2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4.13

 

Tenth Supplemental Indenture for 1.300% Notes due 2018, 2.000% Notes due 2020, 2.650% Notes due 2022, 3.125% Notes due 2025, 4.200% Notes due 2035, 4.450% Notes due 2045, and 4.750% Notes due 2055, dated as of November 3, 2015, between Microsoft Corporation and U.S. Bank National Association, as Trustee, to the Indenture, dated as of May 18, 2009, between Microsoft Corporation and The Bank of New York Mellon Trust Company, N.A., as trustee

 

 

 

 

8-K

 

 

 

 

 

 

 

4.1

 

 

 

11/3/2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4.14

 

Eleventh Supplemental Indenture for 1.100% Notes due 2019, 1.550% Notes due 2021, 2.000% Notes due 2023, 2.400% Notes due 2026, 3.450% Notes due 2036, 3.700% Notes due 2046, and 3.950% Notes due 2056, dated as of August 8, 2016, between Microsoft Corporation and U.S. Bank, National Association, as Trustee, to the Indenture, dated as of May 18, 2009, between Microsoft Corporation and The Bank of New York Mellon Trust Company, N.A., as trustee

 

 

 

 

8-K

 

 

 

 

 

 

 

4.1

 

 

 

8/5/2016

 

Incorporated by Reference

Exhibit

Number

Exhibit Description

Filed

Herewith

Form

Period

Ending

Exhibit

Filing Date

 

 

 

 

 

 

 

4.15

 

Twelfth Supplemental Indenture for 1.850% Notes due 2020, 2.400% Notes due 2022, 2.875% Notes due 2024, 3.300% Notes due 2027, 4.100% Notes due 2037, 4.250% Notes due 2047, and 4.500% Notes due 2057, dated as of February 6, 2017, between Microsoft Corporation and The Bank of New York Mellon Trust Company, N.A., as Trustee, to the Indenture, dated as of May 18, 2009, between Microsoft Corporation and The Bank of New York Mellon Trust Company, N.A., as trustee

 

 

 

 

8-K

 

 

 

 

 

 

 

4.1

 

 

 

2/3/2017

 

 

 

 

 

 

 

4.16

 

Thirteenth Supplemental Indenture for 2.525% Notes due 2050 and 2.675% Notes due 2060, dated as of June 1, 2020, between Microsoft Corporation and U.S. Bank National Association, as Trustee, to the Indenture, dated as of May 18, 2009, between Microsoft Corporation and The Bank of New York Mellon Trust Company, N.A., as trustee

 

 

 

 

8-K

 

 

 

 

 

 

 

4.1

 

 

 

6/1/2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4.17

 

Fourteenth Supplemental Indenture for 2.921% Notes due 2052 and 3.041% Notes due 2062, dated as of March 17, 2021, between Microsoft Corporation and The Bank of New York Mellon Trust Company, N.A., as Trustee, to the Indenture, dated as of May 18, 2009, between Microsoft Corporation and The Bank of New York Mellon Trust Company, N.A., as trustee

 

 

 

 

8-K

 

 

 

 

 

 

 

4.1

 

 

 

3/17/2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4.18

 

Fifteenth Supplemental Indenture, dated as of November 6, 2023, by and between Microsoft Corporation and The Bank of New York Mellon Trust Company, N.A., as Trustee

 

 

 

 

8-K

 

 

 

 

 

 

 

4.2

 

 

 

11/6/2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4.19

 

Indenture, dated as of September 19, 2016, by and between Activision Blizzard, Inc. and Wells Fargo Bank, National Association, as Trustee, with respect to Activision Blizzard, Inc.’s 3.400% Senior Notes due 2026

 

 

 

 

8-K

 

 

 

 

 

 

 

4.9

 

 

 

11/6/2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Incorporated by Reference

Exhibit

Number

Exhibit Description

Filed

Herewith

Form

Period

Ending

Exhibit

Filing Date

4.20

 

Base Indenture, dated as of May 26, 2017, by and between Activision Blizzard, Inc. and Wells Fargo Bank, National Association, as Trustee, with respect to Activision Blizzard, Inc.’s 3.400% Senior Notes due 2027, 1.350% Senior Notes due 2030, 4.500% Senior Notes due 2047 and 2.500% Senior Notes due 2050

 

 

 

 

8-K

 

 

 

 

 

 

 

4.10

 

 

 

11/6/2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4.21

 

First Supplemental Indenture, dated as of May 26, 2017, by and between Activision Blizzard, Inc. and Wells Fargo Bank, National Association, as Trustee, with respect to Activision Blizzard, Inc.’s 3.400% Senior Notes due 2027 and 4.500% Senior Notes due 2047

 

 

 

 

8-K

 

 

 

 

 

 

 

4.11

 

 

 

11/6/2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4.22

 

Second Supplemental Indenture, dated as of August 10, 2020, by and between Activision Blizzard, Inc. and Wells Fargo Bank, National Association, as Trustee, with respect to Activision Blizzard, Inc.’s 1.350% Senior Notes due 2030 and 2.500% Senior Notes due 2050

 

 

 

 

8-K

 

 

 

 

 

 

 

4.12

 

 

 

11/6/2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4.23

 

First Supplemental Indenture, dated as of October 27, 2023, by and between Activision Blizzard, Inc. and Computershare Trust Company, N.A., with respect to Activision Blizzard, Inc.’s 3.400% Senior Notes due 2026

 

 

 

 

8-K

 

 

 

 

 

 

 

4.13

 

 

 

11/6/2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4.24

 

Third Supplemental Indenture, dated as of October 27, 2023, by and between Activision Blizzard, Inc. and Computershare Trust Company, N.A., with respect to Activision Blizzard, Inc.’s 3.400% Senior Notes due 2027 and 4.500% Senior Notes due 2047

 

 

 

 

8-K

 

 

 

 

 

 

 

4.14

 

 

 

11/6/2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4.25

 

Fourth Supplemental Indenture, dated as of October 27, 2023, by and between Activision Blizzard, Inc. and Computershare Trust Company, N.A., with respect to Activision Blizzard, Inc.’s 1.350% Senior Notes due 2030 and 2.500% Senior Notes due 2050

 

 

 

 

8-K

 

 

 

 

 

 

 

4.15

 

 

 

11/6/2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4.26

 

Description of Securities

 

X

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10.1*

Microsoft Corporation 2001 Stock Plan

 

10-Q

9/30/2016

10.1

10/20/2016

 

 

 

 

 

 

10.4*

Microsoft Corporation Employee Stock Purchase Plan

10-K

6/30/2012

10.4

7/26/2012

Incorporated by Reference

Exhibit

Number

Exhibit Description

Filed

Herewith

Form

Period

Ending

Exhibit

Filing Date

 

 

 

 

 

 

10.5*

 

Microsoft Corporation Deferred Compensation Plan

 

X

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10.6*

Microsoft Corporation 2017 Stock Plan

DEF14A

 

Annex C

10/16/2017

 

 

 

 

 

 

10.7*

Form of Stock Award Agreement Under the Microsoft Corporation 2017 Stock Plan

10-Q

3/31/2018

10.26

4/26/2018

 

 

 

 

 

 

10.8*

Form of Performance Stock Award Agreement Under the Microsoft Corporation 2017 Stock Plan

10-Q

3/31/2018

10.27

4/26/2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10.9

Amended and Restated Officers’ Indemnification Trust Agreement between Microsoft Corporation and The Bank of New York Mellon Trust Company, N.A., as trustee

10-Q

9/30/2016

10.12

10/20/2016

 

 

 

 

 

 

10.10

Assumption of Beneficiaries’ Representative Obligations Under Amended and Restated Officers’ Indemnification Trust Agreement

 

10-K

 

 

 

6/30/2020

 

 

 

10.25

 

 

 

7/30/2020

 

 

 

 

 

 

10.11

 

Form of Indemnification Agreement and Amended and Restated Directors’ Indemnification Trust Agreement between Microsoft Corporation and The Bank of New York Mellon Trust Company, N.A., as trustee

 

 

 

 

10-K

 

 

 

6/30/2019

 

 

 

10.13

 

 

 

8/1/2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10.12

 

Assumption of Beneficiaries’ Representative Obligations Under Amended and Restated Directors’ Indemnification Trust Agreement

 

 

 

 

10-K

 

 

 

6/30/2020

 

 

 

10.26

 

 

 

7/30/2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10.14*

Microsoft Corporation Deferred Compensation Plan for Non-Employee Directors

 

 

 

 

10-Q

 

 

 

 12/31/2017

10.14

1/31/2018

 

 

 

 

 

 

 

10.15*

 

Microsoft Corporation Executive Incentive Plan

 

 

 

 

8-K

 

 

 

 

 

 

 

10.1

 

 

 

9/19/2018

 

 

 

 

 

 

 

10.19*

 

Microsoft Corporation Executive Incentive Plan

 

 

 

 

10-Q

 

 

 

9/30/2016

 

 

 

10.17

 

 

 

10/20/2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10.20*

 

Form of Executive Incentive Plan (Executive Officer SAs) Stock Award Agreement under the Microsoft Corporation 2001 Stock Plan

 

 

 

 

10-Q

 

 

 

9/30/2016

 

 

 

10.18

 

 

 

10/20/2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10.21*

 

Form of Executive Incentive Plan Performance Stock Award Agreement under the Microsoft Corporation 2001 Stock Plan

 

 

 

 

10-Q

 

 

 

9/30/2016

 

 

 

10.25

 

 

 

10/20/2016

 

 

 

 

 

 

 

 

10.22*

 

Senior Executive Severance Benefit Plan

 

 

 

 

10-Q

 

 

 

9/30/2016

 

 

 

10.22

 

 

 

10/20/2016

 

 

 

 

 

 

 

10.23*

 

Offer Letter, dated February 3, 2014, between Microsoft Corporation and Satya Nadella

 

 

 

 

8-K

 

 

 

 

 

 

 

10.1

 

 

 

2/4/2014

 

Incorporated by Reference

Exhibit

Number

Exhibit Description

Filed

Herewith

Form

Period

Ending

Exhibit

Filing Date

 

 

 

 

 

 

10.24*

 

Long-Term Performance Stock Award Agreement between Microsoft Corporation and Satya Nadella

 

 

 

 

10-Q

 

 

 

12/31/2014

 

 

 

10.24

 

 

 

1/26/2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10.25*

 

Offer Letter, dated October 25, 2020, between Microsoft Corporation and Christopher Young

 

 

 

 

10-Q

 

 

 

9/30/2021

 

 

 

10.27

 

 

 

10/26/2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

19.1

 

General Insider Trading Policy

 

X

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

19.2

 

Restricted Trading Window Policy

 

X

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

19.3

 

Insider Trading Compliance and Preclearance Policies for Section 16 Officers and Directors of Microsoft

 

X

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

21

Subsidiaries of Registrant

X

 

 

 

 

 

 

 

23.1

Consent of Independent Registered Public Accounting Firm

X

 

 

 

 

 

 

 

31.1

Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

X

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

31.2

 

Certification of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

 

X

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

32.1**

 

Certification of Chief Executive Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

 

X

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

32.2**

 

Certification of Chief Financial Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

 

X

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

97.1*

 

Microsoft Corporation Executive Compensation Recovery Policy

 

X

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

101.INS

 

Inline XBRL Instance Document—the instance document does not appear in the Interactive Data File as its XBRL tags are embedded within the Inline XBRL document

 

X

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

101.SCH

 

Inline XBRL Taxonomy Extension Schema With Embedded Linkbase Documents

 

X

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

104

 

Cover page formatted as Inline XBRL and contained in Exhibit 101

 

X

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

MICROSOFT CORPORATION

 

/s/ ALICE L. JOLLA

Alice L. Jolla

Corporate Vice President and Chief Accounting Officer (Principal Accounting Officer)

Signature

Title

 

/s/ SATYA NADELLA

Chairman and Chief Executive Officer

(Principal Executive Officer)

Satya Nadella

 

 

/s/ REID HOFFMAN

 

Director

Reid Hoffman

 

 

/s/ HUGH F. JOHNSTON

Director

Hugh F. Johnston

 

 

/s/ TERI L. LIST

Director

Teri L. List

 

 

/s/ CATHERINE MACGREGOR

 

Director

Catherine MacGregor

 

 

 

 

/s/ MARK A. L. MASON

 

Director

Mark A. L. Mason

 

 

 

 

/s/ SANDRA E. PETERSON

Lead Independent Director

Sandra E. Peterson

 

 

 

/s/ PENNY S. PRITZKER

 

Director

Penny S. Pritzker

 

 

 

/s/ CARLOS A. RODRIGUEZ

 

Director

Carlos A. Rodriguez

 

 

 

/s/ CHARLES W. SCHARF

Director

Charles W. Scharf

 

 

/s/ JOHN W. STANTON

Director

John W. Stanton

 

 

 

/s/ EMMA N. WALMSLEY

 

Director

Emma N. Walmsley

 

 

/s/ AMY E. HOOD

Executive Vice President and Chief Financial Officer

(Principal Financial Officer)

Amy E. Hood

 

 

/s/ ALICE L. JOLLA

Corporate Vice President and Chief Accounting Officer

(Principal Accounting Officer)

Alice L. Jolla

 

Name

Where Incorporated

 

 

 

 

 

Microsoft Ireland Research

Ireland

Microsoft Global Finance

Ireland

Microsoft Ireland Operations Limited

Ireland

Microsoft Online, Inc.

United States

LinkedIn Corporation

United States

LinkedIn Ireland Unlimited Company

Ireland

Nuance Communications, Inc.

United States

Activision Blizzard, Inc.

United States

Activision Publishing, Inc.

United States

 

/s/ SATYA NADELLA

Satya Nadella

Chief Executive Officer

 

/s/ AMY E. HOOD

Amy E. Hood

Executive Vice President and

Chief Financial Officer

 

 

/s/ SATYA NADELLA

Satya Nadella

Chief Executive Officer

 

/s/ AMY E. HOOD

Amy E. Hood

Executive Vice President and

Chief Financial Officer

Microsoft Corporation

1  | Executive Compensation Recovery Policy

Microsoft Corporation

2  | Executive Compensation Recovery Policy

Microsoft Corporation

3  | Executive Compensation Recovery Policy

Microsoft Corporation

4  | Executive Compensation Recovery Policy

Microsoft Corporation

5  | Executive Compensation Recovery Policy

Microsoft Corporation

6  | Executive Compensation Recovery Policy

Document and Entity Information - USD ($)
$ / shares in Units, $ in Trillions
12 Months Ended
Jun. 30, 2024
Jul. 25, 2024
Dec. 31, 2023
Entity Information [Line Items]      
Document Type 10-K    
Amendment Flag false    
Document Period End Date Jun. 30, 2024    
Document Fiscal Year Focus 2024    
Document Fiscal Period Focus FY    
Entity Registrant Name MICROSOFT CORPORATION    
Entity Central Index Key 0000789019    
Current Fiscal Year End Date --06-30    
Entity Current Reporting Status Yes    
Entity Interactive Data Current Yes    
Entity Well-known Seasoned Issuer Yes    
Entity Voluntary Filers No    
Entity Filer Category Large Accelerated Filer    
Entity Small Business false    
Entity Emerging Growth Company false    
Entity Shell Company false    
Entity File Number 001-37845    
Entity Incorporation, State or Country Code WA    
Entity Tax Identification Number 91-1144442    
Entity Address, Address Line One ONE MICROSOFT WAY    
Entity Address, City or Town REDMOND    
Entity Address, State or Province WA    
Entity Address, Postal Zip Code 98052-6399    
City Area Code 425    
Local Phone Number 882-8080    
Document Annual Report true    
Document Transition Report false    
Entity Common Stock, Shares Outstanding   7,433,038,381  
Document Financial Statement Error Correction [Flag] false    
Entity Public Float     $ 2.8
ICFR Auditor Attestation Flag true    
Entity Common Stock, Par Value Per Share $ 0.00000625    
Auditor Name DELOITTE & TOUCHE LLP    
Auditor Firm ID 34    
Auditor Location Seattle, Washington    
Documents Incorporated by Reference

Portions of the definitive Proxy Statement to be delivered to shareholders in connection with the Annual Meeting of Shareholders to be held on December 10, 2024 are incorporated by reference into Part III.

   
Common Stock      
Entity Information [Line Items]      
Trading Symbol MSFT    
Title of 12(b) Security Common stock, $0.00000625 par value per share    
Security Exchange Name NASDAQ    
3.125% Notes Due 2028      
Entity Information [Line Items]      
Trading Symbol MSFT    
Title of 12(b) Security 3.125% Notes due 2028    
Security Exchange Name NASDAQ    
2.625% Notes Due 2033      
Entity Information [Line Items]      
Trading Symbol MSFT    
Title of 12(b) Security 2.625% Notes due 2033    
Security Exchange Name NASDAQ    
Name: dei_AmendmentFlag
Namespace Prefix: dei_
Data Type: xbrli:booleanItemType
Balance Type: na
Period Type: duration
Name: dei_AuditorFirmId
Namespace Prefix: dei_
Data Type: dei:nonemptySequenceNumberItemType
Balance Type: na
Period Type: duration
Name: dei_AuditorLocation
Namespace Prefix: dei_
Data Type: dei:internationalNameItemType
Balance Type: na
Period Type: duration
Name: dei_AuditorName
Namespace Prefix: dei_
Data Type: dei:internationalNameItemType
Balance Type: na
Period Type: duration
Name: dei_CityAreaCode
Namespace Prefix: dei_
Data Type: xbrli:normalizedStringItemType
Balance Type: na
Period Type: duration
Name: dei_CurrentFiscalYearEndDate
Namespace Prefix: dei_
Data Type: xbrli:gMonthDayItemType
Balance Type: na
Period Type: duration
Name: dei_DocumentAnnualReport
Namespace Prefix: dei_
Data Type: xbrli:booleanItemType
Balance Type: na
Period Type: duration
Name: dei_DocumentFinStmtErrorCorrectionFlag
Namespace Prefix: dei_
Data Type: xbrli:booleanItemType
Balance Type: na
Period Type: duration
Name: dei_DocumentFiscalPeriodFocus
Namespace Prefix: dei_
Data Type: dei:fiscalPeriodItemType
Balance Type: na
Period Type: duration
Name: dei_DocumentFiscalYearFocus
Namespace Prefix: dei_
Data Type: xbrli:gYearItemType
Balance Type: na
Period Type: duration
Name: dei_DocumentPeriodEndDate
Namespace Prefix: dei_
Data Type: xbrli:dateItemType
Balance Type: na
Period Type: duration
Name: dei_DocumentTransitionReport
Namespace Prefix: dei_
Data Type: xbrli:booleanItemType
Balance Type: na
Period Type: duration
Name: dei_DocumentType
Namespace Prefix: dei_
Data Type: dei:submissionTypeItemType
Balance Type: na
Period Type: duration
Name: dei_DocumentsIncorporatedByReferenceTextBlock
Namespace Prefix: dei_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
Name: dei_EntityAddressAddressLine1
Namespace Prefix: dei_
Data Type: xbrli:normalizedStringItemType
Balance Type: na
Period Type: duration
Name: dei_EntityAddressCityOrTown
Namespace Prefix: dei_
Data Type: xbrli:normalizedStringItemType
Balance Type: na
Period Type: duration
Name: dei_EntityAddressPostalZipCode
Namespace Prefix: dei_
Data Type: xbrli:normalizedStringItemType
Balance Type: na
Period Type: duration
Name: dei_EntityAddressStateOrProvince
Namespace Prefix: dei_
Data Type: dei:stateOrProvinceItemType
Balance Type: na
Period Type: duration
Name: dei_EntityCentralIndexKey
Namespace Prefix: dei_
Data Type: dei:centralIndexKeyItemType
Balance Type: na
Period Type: duration
Name: dei_EntityCommonStockSharesOutstanding
Namespace Prefix: dei_
Data Type: xbrli:sharesItemType
Balance Type: na
Period Type: instant
Name: dei_EntityCurrentReportingStatus
Namespace Prefix: dei_
Data Type: dei:yesNoItemType
Balance Type: na
Period Type: duration
Name: dei_EntityEmergingGrowthCompany
Namespace Prefix: dei_
Data Type: xbrli:booleanItemType
Balance Type: na
Period Type: duration
Name: dei_EntityFileNumber
Namespace Prefix: dei_
Data Type: dei:fileNumberItemType
Balance Type: na
Period Type: duration
Name: dei_EntityFilerCategory
Namespace Prefix: dei_
Data Type: dei:filerCategoryItemType
Balance Type: na
Period Type: duration
Name: dei_EntityIncorporationStateCountryCode
Namespace Prefix: dei_
Data Type: dei:edgarStateCountryItemType
Balance Type: na
Period Type: duration
Name: dei_EntityInformationLineItems
Namespace Prefix: dei_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: dei_EntityInteractiveDataCurrent
Namespace Prefix: dei_
Data Type: dei:yesNoItemType
Balance Type: na
Period Type: duration
Name: dei_EntityListingParValuePerShare
Namespace Prefix: dei_
Data Type: dtr-types:perShareItemType
Balance Type: na
Period Type: duration
Name: dei_EntityPublicFloat
Namespace Prefix: dei_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: dei_EntityRegistrantName
Namespace Prefix: dei_
Data Type: xbrli:normalizedStringItemType
Balance Type: na
Period Type: duration
Name: dei_EntityShellCompany
Namespace Prefix: dei_
Data Type: xbrli:booleanItemType
Balance Type: na
Period Type: duration
Name: dei_EntitySmallBusiness
Namespace Prefix: dei_
Data Type: xbrli:booleanItemType
Balance Type: na
Period Type: duration
Name: dei_EntityTaxIdentificationNumber
Namespace Prefix: dei_
Data Type: dei:employerIdItemType
Balance Type: na
Period Type: duration
Name: dei_EntityVoluntaryFilers
Namespace Prefix: dei_
Data Type: dei:yesNoItemType
Balance Type: na
Period Type: duration
Name: dei_EntityWellKnownSeasonedIssuer
Namespace Prefix: dei_
Data Type: dei:yesNoItemType
Balance Type: na
Period Type: duration
Name: dei_IcfrAuditorAttestationFlag
Namespace Prefix: dei_
Data Type: xbrli:booleanItemType
Balance Type: na
Period Type: duration
Name: dei_LocalPhoneNumber
Namespace Prefix: dei_
Data Type: xbrli:normalizedStringItemType
Balance Type: na
Period Type: duration
Name: dei_Security12bTitle
Namespace Prefix: dei_
Data Type: dei:securityTitleItemType
Balance Type: na
Period Type: duration
Name: dei_SecurityExchangeName
Namespace Prefix: dei_
Data Type: dei:edgarExchangeCodeItemType
Balance Type: na
Period Type: duration
Name: dei_TradingSymbol
Namespace Prefix: dei_
Data Type: dei:tradingSymbolItemType
Balance Type: na
Period Type: duration
Name: us-gaap_StatementClassOfStockAxis=us-gaap_CommonStockMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_StatementClassOfStockAxis=msft_NotesThreePointOneTwoFivePercentDueDecemberSixTwentyTwentyEightMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_StatementClassOfStockAxis=msft_NotesTwoPointSixTwoFivePercentDueMayTwoTwentyThirtyThreeMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
INCOME STATEMENTS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Revenue $ 245,122 $ 211,915 $ 198,270
Cost of revenue 74,114 65,863 62,650
Gross margin 171,008 146,052 135,620
Research and development 29,510 27,195 24,512
Sales and marketing 24,456 22,759 21,825
General and administrative 7,609 7,575 5,900
Operating income 109,433 88,523 83,383
Other income (expense), net (1,646) 788 333
Income before income taxes 107,787 89,311 83,716
Provision for income taxes 19,651 16,950 10,978
Net income $ 88,136 $ 72,361 $ 72,738
Earnings per share:      
Basic $ 11.86 $ 9.72 $ 9.70
Diluted $ 11.80 $ 9.68 $ 9.65
Weighted average shares outstanding:      
Basic 7,431 7,446 7,496
Diluted 7,469 7,472 7,540
Product      
Revenue $ 64,773 $ 64,699 $ 72,732
Cost of revenue 15,272 17,804 19,064
Service and Other      
Revenue 180,349 147,216 125,538
Cost of revenue $ 58,842 $ 48,059 $ 43,586
Name: us-gaap_CostOfGoodsAndServicesSold
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: us-gaap_EarningsPerShareAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_EarningsPerShareBasic
Namespace Prefix: us-gaap_
Data Type: dtr-types:perShareItemType
Balance Type: na
Period Type: duration
Name: us-gaap_EarningsPerShareDiluted
Namespace Prefix: us-gaap_
Data Type: dtr-types:perShareItemType
Balance Type: na
Period Type: duration
Name: us-gaap_GeneralAndAdministrativeExpense
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: us-gaap_GrossProfit
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_IncomeTaxExpenseBenefit
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: us-gaap_NetIncomeLoss
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_NonoperatingIncomeExpense
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_OperatingIncomeLoss
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_ResearchAndDevelopmentExpense
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_SellingAndMarketingExpense
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Namespace Prefix: us-gaap_
Data Type: xbrli:sharesItemType
Balance Type: na
Period Type: duration
Name: us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Namespace Prefix: us-gaap_
Data Type: xbrli:sharesItemType
Balance Type: na
Period Type: duration
Name: srt_ProductOrServiceAxis=us-gaap_ProductMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: srt_ProductOrServiceAxis=us-gaap_ServiceOtherMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
COMPREHENSIVE INCOME STATEMENTS - USD ($)
$ in Millions
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Statement of Comprehensive Income [Abstract]      
Net income $ 88,136 $ 72,361 $ 72,738
Other comprehensive income (loss), net of tax:      
Net change related to derivatives 24 (14) 6
Net change related to investments 957 (1,444) (5,360)
Translation adjustments and other (228) (207) (1,146)
Other comprehensive income (loss) 753 (1,665) (6,500)
Comprehensive income $ 88,889 $ 70,696 $ 66,238
Name: us-gaap_ComprehensiveIncomeNetOfTax
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_NetIncomeLoss
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2024
Jun. 30, 2023
Current assets:    
Cash and cash equivalents $ 18,315 $ 34,704
Short-term investments 57,228 76,558
Total cash, cash equivalents, and short-term investments 75,543 111,262
Accounts receivable, net of allowance for doubtful accounts of $830 and $650 56,924 48,688
Inventories 1,246 2,500
Other current assets 26,021 21,807
Total current assets 159,734 184,257
Property and equipment, net of accumulated depreciation of $76,421 and $68,251 135,591 95,641
Operating lease right-of-use assets 18,961 14,346
Equity and other investments 14,600 9,879
Goodwill 119,220 67,886
Intangible assets, net 27,597 9,366
Other long-term assets 36,460 30,601
Total assets 512,163 411,976
Current liabilities:    
Accounts payable 21,996 18,095
Short-term debt 6,693 0
Current portion of long-term debt 2,249 5,247
Accrued compensation 12,564 11,009
Short-term income taxes 5,017 4,152
Short-term unearned revenue 57,582 50,901
Other current liabilities 19,185 14,745
Total current liabilities 125,286 104,149
Long-term debt 42,688 41,990
Long-term income taxes 27,931 25,560
Long-term unearned revenue 2,602 2,912
Deferred income taxes 2,618 433
Operating lease liabilities 15,497 12,728
Other long-term liabilities 27,064 17,981
Total liabilities 243,686 205,753
Commitments and contingencies
Stockholders’ equity:    
Common stock and paid-in capital - shares authorized 24,000; outstanding 7,434 and 7,432 100,923 93,718
Retained earnings 173,144 118,848
Accumulated other comprehensive loss (5,590) (6,343)
Total stockholders’ equity 268,477 206,223
Total liabilities and stockholders’ equity $ 512,163 $ 411,976
Name: us-gaap_AccountsPayableCurrent
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_AccountsReceivableNetCurrent
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_AccruedIncomeTaxesCurrent
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_AccruedIncomeTaxesNoncurrent
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_Assets
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_AssetsCurrent
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_AssetsCurrentAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_CashAndCashEquivalentsAtCarryingValue
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_CashCashEquivalentsAndShortTermInvestments
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_CommercialPaper
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_CommitmentsAndContingencies
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_CommonStocksIncludingAdditionalPaidInCapital
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_ContractWithCustomerLiabilityCurrent
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_ContractWithCustomerLiabilityNoncurrent
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_DeferredIncomeTaxLiabilitiesNet
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_EmployeeRelatedLiabilitiesCurrent
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_FiniteLivedIntangibleAssetsNet
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_Goodwill
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_InventoryNet
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_Liabilities
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_LiabilitiesAndStockholdersEquity
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_LiabilitiesCurrent
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_LiabilitiesCurrentAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_LongTermDebtCurrent
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_LongTermDebtNoncurrent
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_LongTermInvestments
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_OperatingLeaseLiabilityNoncurrent
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_OperatingLeaseRightOfUseAsset
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_OtherAssetsCurrent
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_OtherAssetsNoncurrent
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_OtherLiabilitiesCurrent
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_OtherLiabilitiesNoncurrent
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_PropertyPlantAndEquipmentNet
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_RetainedEarningsAccumulatedDeficit
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_ShortTermInvestments
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_StockholdersEquity
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_StockholdersEquityAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
BALANCE SHEETS (Parenthetical) - USD ($)
$ in Millions
Jun. 30, 2024
Jun. 30, 2023
Statement of Financial Position [Abstract]    
Accounts receivable, allowance for doubtful accounts $ 830 $ 650
Property and equipment, accumulated depreciation $ 76,421 $ 68,251
Common stock, shares authorized 24,000,000,000 24,000,000,000
Common stock, outstanding 7,434,000,000 7,432,000,000
Name: us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_CommonStockSharesAuthorized
Namespace Prefix: us-gaap_
Data Type: xbrli:sharesItemType
Balance Type: na
Period Type: instant
Name: us-gaap_CommonStockSharesOutstanding
Namespace Prefix: us-gaap_
Data Type: xbrli:sharesItemType
Balance Type: na
Period Type: instant
Name: us-gaap_StatementOfFinancialPositionAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
CASH FLOWS STATEMENTS - USD ($)
$ in Millions
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Operations      
Net income $ 88,136 $ 72,361 $ 72,738
Adjustments to reconcile net income to net cash from operations:      
Depreciation, amortization, and other 22,287 13,861 14,460
Stock-based compensation expense 10,734 9,611 7,502
Net recognized losses (gains) on investments and derivatives 305 196 (409)
Deferred income taxes (4,738) (6,059) (5,702)
Changes in operating assets and liabilities:      
Accounts receivable (7,191) (4,087) (6,834)
Inventories 1,284 1,242 (1,123)
Other current assets (1,648) (1,991) (709)
Other long-term assets (6,817) (2,833) (2,805)
Accounts payable 3,545 (2,721) 2,943
Unearned revenue 5,348 5,535 5,109
Income taxes 1,687 (358) 696
Other current liabilities 4,867 2,272 2,344
Other long-term liabilities 749 553 825
Net cash from operations 118,548 87,582 89,035
Financing      
Proceeds from issuance of debt, maturities of 90 days or less, net 5,250 0 0
Proceeds from issuance of debt 24,395 0 0
Repayments of debt (29,070) (2,750) (9,023)
Common stock issued 2,002 1,866 1,841
Common stock repurchased (17,254) (22,245) (32,696)
Common stock cash dividends paid (21,771) (19,800) (18,135)
Other, net (1,309) (1,006) (863)
Net cash used in financing (37,757) (43,935) (58,876)
Investing      
Additions to property and equipment (44,477) (28,107) (23,886)
Acquisition of companies, net of cash acquired, and purchases of intangible and other assets (69,132) (1,670) (22,038)
Purchases of investments (17,732) (37,651) (26,456)
Maturities of investments 24,775 33,510 16,451
Sales of investments 10,894 14,354 28,443
Other, net (1,298) (3,116) (2,825)
Net cash used in investing (96,970) (22,680) (30,311)
Effect of foreign exchange rates on cash and cash equivalents (210) (194) (141)
Net change in cash and cash equivalents (16,389) 20,773 (293)
Cash and cash equivalents, beginning of period 34,704 13,931 14,224
Cash and cash equivalents, end of period $ 18,315 $ 34,704 $ 13,931
Name: msft_AcquisitionsNetOfCashAcquiredAndPurchasesOfIntangibleAndOtherAssets
Namespace Prefix: msft_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: msft_DepreciationAmortizationAndOther
Namespace Prefix: msft_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: msft_GainLossOnInvestmentsAndDerivativeInstruments
Namespace Prefix: msft_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: msft_ProceedsFromInvestments
Namespace Prefix: msft_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: us-gaap_DeferredIncomeTaxExpenseBenefit
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: us-gaap_EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: us-gaap_IncreaseDecreaseInAccountsPayable
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: us-gaap_IncreaseDecreaseInAccountsReceivable
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: us-gaap_IncreaseDecreaseInContractWithCustomerLiability
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: us-gaap_IncreaseDecreaseInInventories
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_IncreaseDecreaseInOperatingCapitalAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_IncreaseDecreaseInOtherCurrentAssets
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_IncreaseDecreaseInOtherCurrentLiabilities
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: us-gaap_IncreaseDecreaseInOtherNoncurrentAssets
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_IncreaseDecreaseInOtherNoncurrentLiabilities
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: us-gaap_NetCashProvidedByUsedInFinancingActivities
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_NetCashProvidedByUsedInInvestingActivities
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_NetCashProvidedByUsedInOperatingActivities
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: na
Period Type: duration
Name: us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_NetIncomeLoss
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_PaymentsForProceedsFromOtherInvestingActivities
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_PaymentsForRepurchaseOfCommonStock
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_PaymentsOfDividendsCommonStock
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_PaymentsToAcquireInvestments
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_ProceedsFromDebtMaturingInMoreThanThreeMonths
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: us-gaap_ProceedsFromIssuanceOfCommonStock
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: us-gaap_ProceedsFromPaymentsForOtherFinancingActivities
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: us-gaap_ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: us-gaap_RepaymentsOfDebtMaturingInMoreThanThreeMonths
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_ShareBasedCompensation
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
STOCKHOLDERS' EQUITY STATEMENTS - USD ($)
$ in Millions
Total
Common stock and paid-in capital
Retained earnings
Accumulated other comprehensive loss
Balance, beginning of period at Jun. 30, 2021   $ 83,111 $ 57,055 $ 1,822
Common stock issued   1,841    
Net income $ 72,738   72,738  
Other comprehensive income (loss) (6,500)     (6,500)
Common stock cash dividends     (18,552)  
Common stock repurchased   (5,688) (26,960)  
Stock-based compensation expense   7,502    
Other, net   173    
Balance, end of period at Jun. 30, 2022 $ 166,542 86,939 84,281 (4,678)
Cash dividends declared per common share $ 2.48      
Common stock issued   1,866    
Net income $ 72,361   72,361  
Other comprehensive income (loss) (1,665)     (1,665)
Common stock cash dividends (20,230)   (20,226)  
Common stock repurchased   (4,696) (17,568)  
Stock-based compensation expense   9,611    
Other, net   (2)    
Balance, end of period at Jun. 30, 2023 $ 206,223 93,718 118,848 (6,343)
Cash dividends declared per common share $ 2.72      
Common stock issued   2,002    
Net income $ 88,136   88,136  
Other comprehensive income (loss) 753     753
Common stock cash dividends (22,296)   (22,293)  
Common stock repurchased   (5,712) (11,547)  
Stock-based compensation expense   10,734    
Other, net   181    
Balance, end of period at Jun. 30, 2024 $ 268,477 $ 100,923 $ 173,144 $ (5,590)
Cash dividends declared per common share $ 3      
Name: us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_CommonStockDividendsPerShareDeclared
Namespace Prefix: us-gaap_
Data Type: dtr-types:perShareItemType
Balance Type: na
Period Type: duration
Name: us-gaap_DividendsCommonStockCash
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: us-gaap_NetIncomeLoss
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_StockIssuedDuringPeriodValueNewIssues
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_StockRepurchasedDuringPeriodValue
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: us-gaap_StockholdersEquity
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_StockholdersEquityOther
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Pay vs Performance Disclosure - USD ($)
$ in Millions
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Pay vs Performance Disclosure      
Net Income (Loss) $ 88,136 $ 72,361 $ 72,738
Name: ecd_PvpTable
Namespace Prefix: ecd_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_NetIncomeLoss
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Insider Trading Arrangements
3 Months Ended
Jun. 30, 2024
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
Rule 10b5-1 Arrangement Modified false
Non-Rule 10b5-1 Arrangement Modified false
Name: ecd_NonRule10b51ArrAdoptedFlag
Namespace Prefix: ecd_
Data Type: xbrli:booleanItemType
Balance Type: na
Period Type: duration
Name: ecd_NonRule10b51ArrTrmntdFlag
Namespace Prefix: ecd_
Data Type: xbrli:booleanItemType
Balance Type: na
Period Type: duration
Name: ecd_Rule10b51ArrAdoptedFlag
Namespace Prefix: ecd_
Data Type: xbrli:booleanItemType
Balance Type: na
Period Type: duration
Name: ecd_Rule10b51ArrTrmntdFlag
Namespace Prefix: ecd_
Data Type: xbrli:booleanItemType
Balance Type: na
Period Type: duration
Name: ecd_TradingArrByIndTable
Namespace Prefix: ecd_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: msft_NonRule10B51ArrModifiedFlag
Namespace Prefix: msft_
Data Type: xbrli:booleanItemType
Balance Type: na
Period Type: duration
Name: msft_Rule10B51ArrModifiedFlag
Namespace Prefix: msft_
Data Type: xbrli:booleanItemType
Balance Type: na
Period Type: duration
Insider Trading Policies and Procedures
3 Months Ended
Jun. 30, 2024
Insider Trading Policies and Procedures [Line Items]  
Insider Trading Policies and Procedures Adopted true
Name: ecd_InsiderTradingPoliciesProcLineItems
Namespace Prefix: ecd_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: ecd_InsiderTrdPoliciesProcAdoptedFlag
Namespace Prefix: ecd_
Data Type: xbrli:booleanItemType
Balance Type: na
Period Type: duration
ACCOUNTING POLICIES
12 Months Ended
Jun. 30, 2024
Accounting Policies [Abstract]  
ACCOUNTING POLICIES

NOTE 1 — ACCOUNTING POLICIES

Accounting Principles

Our consolidated financial statements and accompanying notes are prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”).

We have recast certain prior period amounts to conform to the current period presentation. The recast of these prior period amounts had no impact on our consolidated balance sheets, consolidated income statements, or consolidated cash flows statements.

Principles of Consolidation

The consolidated financial statements include the accounts of Microsoft Corporation and its subsidiaries. Intercompany transactions and balances have been eliminated.

Estimates and Assumptions

Preparing financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses. Examples of estimates and assumptions include: for revenue recognition, determining the nature and timing of satisfaction of performance obligations, and determining the standalone selling price (“SSP”) of performance obligations, variable consideration, and other obligations such as product returns and refunds; loss contingencies; product warranties; the fair value of and/or potential impairment of goodwill and intangible assets for our reporting units; product life cycles; useful lives of our tangible and intangible assets; allowances for doubtful accounts; the market value of, and demand for, our inventory; stock-based compensation forfeiture rates; when technological feasibility is achieved for our products; the potential outcome of uncertain tax positions that have been recognized in our consolidated financial statements or tax returns; and determining the timing and amount of impairments for investments. Actual results and outcomes may differ from management’s estimates and assumptions due to risks and uncertainties.

In July 2022, we completed an assessment of the useful lives of our server and network equipment. Due to investments in software that increased efficiencies in how we operate our server and network equipment, as well as advances in technology, we determined we should increase the estimated useful lives of both server and network equipment from four years to six years. This change in accounting estimate was effective beginning fiscal year 2023.

Foreign Currencies

Assets and liabilities recorded in foreign currencies are translated at the exchange rate on the balance sheet date. Revenue and expenses are translated at average rates of exchange prevailing during the year. Translation adjustments resulting from this process are recorded to other comprehensive income.

Revenue

Product Revenue and Service and Other Revenue

Product revenue includes sales from operating systems, cross-device productivity and collaboration applications, server applications, business solution applications, desktop and server management tools, software development tools, video games, and hardware such as PCs, tablets, gaming and entertainment consoles, other intelligent devices, and related accessories.

Service and other revenue includes sales from cloud-based solutions that provide customers with software, services, platforms, and content such as Office 365, Azure, Dynamics 365, and gaming; solution support; and consulting services. Service and other revenue also includes sales from online advertising and LinkedIn.

Revenue Recognition

Revenue is recognized upon transfer of control of promised products or services to customers in an amount that reflects the consideration we expect to receive in exchange for those products or services. We enter into contracts that can include various combinations of products and services, which are generally capable of being distinct and accounted for as separate performance obligations. Revenue is recognized net of allowances for returns and any taxes collected from customers, which are subsequently remitted to governmental authorities.

Nature of Products and Services

Licenses for on-premises software provide the customer with a right to use the software as it exists when made available to the customer. Customers may purchase perpetual licenses or subscribe to licenses, which provide customers with the same functionality and differ mainly in the duration over which the customer benefits from the software. Revenue from distinct on-premises licenses is recognized upfront at the point in time when the software is made available to the customer. In cases where we allocate revenue to software updates, primarily because the updates are provided at no additional charge, revenue is recognized as the updates are provided, which is generally ratably over the estimated life of the related device or license.

Certain volume licensing programs, including Enterprise Agreements, include on-premises licenses combined with Software Assurance (“SA”). SA conveys rights to new software and upgrades released over the contract period and provides support, tools, and training to help customers deploy and use products more efficiently. On-premises licenses are considered distinct performance obligations when sold with SA. Revenue allocated to SA is generally recognized ratably over the contract period as customers simultaneously consume and receive benefits, given that SA comprises distinct performance obligations that are satisfied over time.

Cloud services, which allow customers to use hosted software over the contract period without taking possession of the software, are provided on either a subscription or consumption basis. Revenue related to cloud services provided on a subscription basis is recognized ratably over the contract period. Revenue related to cloud services provided on a consumption basis, such as the amount of storage used in a period, is recognized based on the customer utilization of such resources. When cloud services require a significant level of integration and interdependency with software and the individual components are not considered distinct, all revenue is recognized over the period in which the cloud services are provided.

Revenue from search advertising is recognized when the advertisement appears in the search results or when the action necessary to earn the revenue has been completed. Revenue from consulting services is recognized as services are provided.

Our hardware is generally highly dependent on, and interrelated with, the underlying operating system and cannot function without the operating system. In these cases, the hardware and software license are accounted for as a single performance obligation and revenue is recognized at the point in time when ownership is transferred to resellers or directly to end customers through retail stores and online marketplaces.

Refer to Note 19 – Segment Information and Geographic Data for further information, including revenue by significant product and service offering.

Significant Judgments

Our contracts with customers often include promises to transfer multiple products and services to a customer. Determining whether products and services are considered distinct performance obligations that should be accounted for separately versus together may require significant judgment. When a cloud-based service includes both on-premises software licenses and cloud services, judgment is required to determine whether the software license is considered distinct and accounted for separately, or not distinct and accounted for together with the cloud service and recognized over time. Certain cloud services, primarily Office 365, depend on a significant level of integration, interdependency, and interrelation between the desktop applications and cloud services, and are accounted for together as one performance obligation. Revenue from Office 365 is recognized ratably over the period in which the cloud services are provided.

Judgment is required to determine the SSP for each distinct performance obligation. We use a single amount to estimate SSP for items that are not sold separately, including on-premises licenses sold with SA or software updates provided at no additional charge. We use a range of amounts to estimate SSP when we sell each of the products and services separately and need to determine whether there is a discount to be allocated based on the relative SSP of the various products and services.

In instances where SSP is not directly observable, such as when we do not sell the product or service separately, we determine the SSP using information that may include market conditions and other observable inputs. We typically have more than one SSP for individual products and services due to the stratification of those products and services by customers and circumstances. In these instances, we may use information such as the size of the customer and geographic region in determining the SSP.

Due to the various benefits from and the nature of our SA program, judgment is required to assess the pattern of delivery, including the exercise pattern of certain benefits across our portfolio of customers.

Our products are generally sold with a right of return, we may provide other credits or incentives, and in certain instances we estimate customer usage of our products and services, which are accounted for as variable consideration when determining the amount of revenue to recognize. Returns and credits are estimated at contract inception and updated at the end of each reporting period if additional information becomes available. Changes to our estimated variable consideration were not material for the periods presented.

Contract Balances and Other Receivables

Timing of revenue recognition may differ from the timing of invoicing to customers. We record a receivable when revenue is recognized prior to invoicing, or unearned revenue when revenue is recognized subsequent to invoicing. For multi-year agreements, we generally invoice customers annually at the beginning of each annual coverage period. We record a receivable related to revenue recognized for multi-year on-premises licenses as we have an unconditional right to invoice and receive payment in the future related to those licenses.

Unearned revenue comprises mainly unearned revenue related to volume licensing programs, which may include SA and cloud services. Unearned revenue is generally invoiced annually at the beginning of each contract period for multi-year agreements and recognized ratably over the coverage period. Unearned revenue also includes payments for consulting services to be performed in the future, LinkedIn subscriptions, Office 365 subscriptions, Xbox subscriptions, Windows post-delivery support, Dynamics business solutions, and other offerings for which we have been paid in advance and earn the revenue when we transfer control of the product or service.

Refer to Note 13 – Unearned Revenue for further information, including unearned revenue by segment and changes in unearned revenue during the period.

Payment terms and conditions vary by contract type, although terms generally include a requirement of payment within 30 to 60 days. In instances where the timing of revenue recognition differs from the timing of invoicing, we have determined our contracts generally do not include a significant financing component. The primary purpose of our invoicing terms is to provide customers with simplified and predictable ways of purchasing our products and services, not to receive financing from our customers or to provide customers with financing. Examples include invoicing at the beginning of a subscription term with revenue recognized ratably over the contract period, and multi-year on-premises licenses that are invoiced annually with revenue recognized upfront.

As of June 30, 2024 and 2023, long-term accounts receivable, net of allowance for doubtful accounts, was $4.9 billion and $4.5 billion, respectively, and is included in other long-term assets in our consolidated balance sheets.

The allowance for doubtful accounts reflects our best estimate of probable losses inherent in the accounts receivable balance. We determine the allowance based on known troubled accounts, historical experience, and other currently available evidence.

Activity in the allowance for doubtful accounts was as follows:

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

 

 

2024

 

 

2023

 

 

2022

 

 

 

 

 

 

 

 

 

Balance, beginning of period

$

716

 

$

710

 

$

798

Charged to costs and other

386

258

 

157

Write-offs

(218

)

(252

)

 

(245

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, end of period

$

884

 

$

716

 

$

710

 

 

 

 

 

 

 

 

 

 

Allowance for doubtful accounts included in our consolidated balance sheets:

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30,

 

 

2024

 

 

2023

 

 

2022

 

 

 

 

 

 

 

 

 

Accounts receivable, net of allowance for doubtful accounts

$

830

 

$

650

 

$

633

Other long-term assets

54

 

 

66

 

 

77

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

884

 

$

716

 

$

710

 

 

 

 

 

 

 

 

 

 

As of June 30, 2024 and 2023, other receivables related to activities to facilitate the purchase of server components were $10.5 billion and $9.2 billion, respectively, and are included in other current assets in our consolidated balance sheets.

We record financing receivables when we offer certain customers the option to acquire our software products and services offerings through a financing program in a limited number of countries. As of June 30, 2024 and 2023, our financing receivables, net were $4.5 billion and $5.3 billion, respectively, for short-term and long-term financing receivables, which are included in other current assets and other long-term assets in our consolidated balance sheets. We record an allowance to cover expected losses based on troubled accounts, historical experience, and other currently available evidence.

Assets Recognized from Costs to Obtain a Contract with a Customer

We recognize an asset for the incremental costs of obtaining a contract with a customer if we expect the benefit of those costs to be longer than one year. We have determined that certain sales incentive programs meet the requirements to be capitalized. Total capitalized costs to obtain a contract were immaterial during the periods presented and are included in other current and long-term assets in our consolidated balance sheets.

We apply a practical expedient to expense costs as incurred for costs to obtain a contract with a customer when the amortization period would have been one year or less. These costs include our internal sales organization compensation program and certain partner sales incentive programs as we have determined annual compensation is commensurate with annual sales activities.

Cost of Revenue

Cost of revenue includes: manufacturing and distribution costs for products sold and programs licensed; operating costs related to product support service centers and product distribution centers; costs incurred to include software on PCs sold by original equipment manufacturers (“OEM”), to drive traffic to our websites, and to acquire online advertising space; costs incurred to support and maintain cloud-based and other online products and services, including datacenter costs and royalties; warranty costs; inventory valuation adjustments; costs associated with the delivery of consulting services; and the amortization of capitalized software development costs. Capitalized software development costs are amortized over the estimated lives of the products.

Product Warranty

We provide for the estimated costs of fulfilling our obligations under hardware and software warranties at the time the related revenue is recognized. For hardware warranties, we estimate the costs based on historical and projected product failure rates, historical and projected repair costs, and knowledge of specific product failures (if any). The specific hardware warranty terms and conditions vary depending upon the product sold and the country in which we do business, but generally include parts and labor over a period generally ranging from 90 days to three years. For software warranties, we estimate the costs to provide bug fixes, such as security patches, over the estimated life of the software. We regularly reevaluate our estimates to assess the adequacy of the recorded warranty liabilities and adjust the amounts as necessary.

Research and Development

Research and development expenses include payroll, employee benefits, stock-based compensation expense, and other headcount-related expenses associated with product development. Research and development expenses also include third-party development and programming costs and the amortization of purchased software code and services content. Such costs related to software development are included in research and development expense until the point that technological feasibility is reached, which for our software products, is generally shortly before the products are released to production. Once technological feasibility is reached, such costs are capitalized and amortized to cost of revenue over the estimated lives of the products.

Sales and Marketing

Sales and marketing expenses include payroll, employee benefits, stock-based compensation expense, and other headcount-related expenses associated with sales and marketing personnel, and the costs of advertising, promotions, trade shows, seminars, and other programs. Advertising costs are expensed as incurred. Advertising expense was $1.7 billion, $904 million, and $1.5 billion in fiscal years 2024, 2023, and 2022, respectively.

Stock-Based Compensation

Compensation cost for stock awards, which include restricted stock units (“RSUs”) and performance stock units (“PSUs”), is measured at the fair value on the grant date and recognized as expense, net of estimated forfeitures, over the related service or performance period. The fair value of stock awards is based on the quoted price of our common stock on the grant date less the present value of expected dividends not received during the vesting period. We measure the fair value of PSUs using a Monte Carlo valuation model. Compensation cost for RSUs is recognized using the straight-line method and for PSUs is recognized using the accelerated method.

Compensation expense for the employee stock purchase plan (“ESPP”) is measured as the discount the employee is entitled to upon purchase and is recognized in the period of purchase.

Income Taxes

Income tax expense includes U.S. and international income taxes, and interest and penalties on uncertain tax positions. Certain income and expenses are not reported in tax returns and financial statements in the same year. The tax effect of such temporary differences is reported as deferred income taxes. Deferred tax assets are reported net of a valuation allowance when it is more likely than not that a tax benefit will not be realized. All deferred income taxes are classified as long-term in our consolidated balance sheets.

Financial Instruments

Investments

We consider all highly liquid interest-earning investments with a maturity of three months or less at the date of purchase to be cash equivalents. The fair values of these investments approximate their carrying values. In general, investments with original maturities of greater than three months and remaining maturities of less than one year are classified as short-term investments. Investments with maturities beyond one year may be classified as short-term based on their highly liquid nature and because such marketable securities represent the investment of cash that is available for current operations.

Debt investments are classified as available-for-sale and realized gains and losses are recorded using the specific identification method. Changes in fair value, excluding credit losses and impairments, are recorded in other comprehensive income. Fair value is calculated based on publicly available market information or other estimates determined by management. If the cost of an investment exceeds its fair value, we evaluate, among other factors, general market conditions, credit quality of debt instrument issuers, and the extent to which the fair value is less than cost. To determine credit losses, we employ a systematic methodology that considers available quantitative and qualitative evidence. In addition, we consider specific adverse conditions related to the financial health of, and business outlook for, the investee. If we have plans to sell the security or it is more likely than not that we will be required to sell the security before recovery, then a decline in fair value below cost is recorded as an impairment charge in other income (expense), net and a new cost basis in the investment is established. If market, industry, and/or investee conditions deteriorate, we may incur future impairments.

Equity investments with readily determinable fair values are measured at fair value. Equity investments without readily determinable fair values are measured using the equity method or measured at cost with adjustments for observable changes in price or impairments (referred to as the measurement alternative). We perform a qualitative assessment on a periodic basis and recognize an impairment if there are sufficient indicators that the fair value of the investment is less than carrying value. Changes in value are recorded in other income (expense), net.

Investments that are considered variable interest entities (“VIEs”) are evaluated to determine whether we are the primary beneficiary of the VIE, in which case we would be required to consolidate the entity. We evaluate whether we have (1) the power to direct the activities that most significantly impact the VIE’s economic performance, and (2) the obligation to absorb losses or the right to receive benefits from the VIE that could potentially be significant to the VIE. We have determined we are not the primary beneficiary of any of our VIE investments. Therefore, our VIE investments are not consolidated and the majority are accounted for under the equity method of accounting.

Derivatives

Derivative instruments are recognized as either assets or liabilities and measured at fair value. The accounting for changes in the fair value of a derivative depends on the intended use of the derivative and the resulting designation.

For derivative instruments designated as fair value hedges, gains and losses are recognized in other income (expense), net with offsetting gains and losses on the hedged items. Gains and losses representing hedge components excluded from the assessment of effectiveness are recognized in other income (expense), net.

For derivative instruments designated as cash flow hedges, gains and losses are initially reported as a component of other comprehensive income and subsequently recognized in other income (expense), net with the corresponding hedged item. Gains and losses representing hedge components excluded from the assessment of effectiveness are recognized in other income (expense), net.

For derivative instruments that are not designated as hedges, gains and losses from changes in fair values are primarily recognized in other income (expense), net.

Fair Value Measurements

We account for certain assets and liabilities at fair value. The hierarchy below lists three levels of fair value based on the extent to which inputs used in measuring fair value are observable in the market. We categorize each of our fair value measurements in one of these three levels based on the lowest level input that is significant to the fair value measurement in its entirety. These levels are:

Level 1 – inputs are based upon unadjusted quoted prices for identical instruments in active markets. Our Level 1 investments include U.S. government securities, common and preferred stock, and mutual funds. Our Level 1 derivative assets and liabilities include those actively traded on exchanges.
Level 2 – inputs are based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques (e.g. the Black-Scholes model) for which all significant inputs are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Where applicable, these models project future cash flows and discount the future amounts to a present value using market-based observable inputs including interest rate curves, credit spreads, foreign exchange rates, and forward and spot prices for currencies. Our Level 2 investments include commercial paper, certificates of deposit, U.S. agency securities, foreign government bonds, mortgage- and asset-backed securities, corporate notes and bonds, and municipal securities. Our Level 2 derivative assets and liabilities include certain cleared swap contracts and over-the-counter forward, option, and swap contracts.
Level 3 – inputs are generally unobservable and typically reflect management’s estimates of assumptions that market participants would use in pricing the asset or liability. The fair values are therefore determined using model-based techniques, including option pricing models and discounted cash flow models. Our Level 3 assets and liabilities include investments in corporate notes and bonds, municipal securities, and goodwill and intangible assets, when they are recorded at fair value due to an impairment charge. Unobservable inputs used in the models are significant to the fair values of the assets and liabilities.

We measure equity investments without readily determinable fair values on a nonrecurring basis. The fair values of these investments are determined based on valuation techniques using the best information available, and may include quoted market prices, market comparables, and discounted cash flow projections.

Our other current financial assets and current financial liabilities have fair values that approximate their carrying values.

Inventories

Inventories are stated at average cost, subject to the lower of cost or net realizable value. Cost includes materials, labor, and manufacturing overhead related to the purchase and production of inventories. Net realizable value is the estimated selling price less estimated costs of completion, disposal, and transportation. We regularly review inventory quantities on hand, future purchase commitments with our suppliers, and the estimated utility of our inventory. If our review indicates a reduction in utility below carrying value, we reduce our inventory to a new cost basis through a charge to cost of revenue.

Property and Equipment

Property and equipment is stated at cost less accumulated depreciation, and depreciated using the straight-line method over the shorter of the estimated useful life of the asset or the lease term. The estimated useful lives of our property and equipment are generally as follows: computer software developed or acquired for internal use, three years; computer equipment, two to six years; buildings and improvements, five to 15 years; leasehold improvements, three to 20 years; and furniture and equipment, one to 10 years. Land is not depreciated.

Leases

We determine if an arrangement is a lease at inception. Operating leases are included in operating lease right-of-use (“ROU”) assets, other current liabilities, and operating lease liabilities in our consolidated balance sheets. Finance leases are included in property and equipment, other current liabilities, and other long-term liabilities in our consolidated balance sheets.

ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As most of our leases do not provide an implicit rate, we generally use our incremental borrowing rate based on the estimated rate of interest for collateralized borrowing over a similar term of the lease payments at commencement date. The operating lease ROU asset also includes any lease payments made and excludes lease incentives. Our lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Lease expense for lease payments is recognized on a straight-line basis over the lease term.

We have lease agreements with lease and non-lease components, which are generally accounted for separately. For certain equipment leases, such as vehicles, we account for the lease and non-lease components as a single lease component. Additionally, for certain equipment leases, we apply a portfolio approach to effectively account for the operating lease ROU assets and liabilities.

Goodwill

Goodwill is tested for impairment at the reporting unit level (operating segment or one level below an operating segment) on an annual basis (May 1) and between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying value.

Intangible Assets

Our intangible assets are subject to amortization and are amortized over the estimated useful life in proportion to the economic benefits received. We evaluate the recoverability of intangible assets periodically by taking into account events or circumstances that may warrant revised estimates of useful lives or that indicate the asset may be impaired.

Related Party Transactions

In March 2024, we entered into an agreement with Inflection AI, Inc. (“Inflection”), pursuant to which we obtained a non-exclusive license to Inflection’s intellectual property. Reid Hoffman, a member of our Board of Directors, is a co-founder of and serves on the board of directors of Inflection. As of the date of the agreement with Inflection, Reprogrammed Interchange LLC (“Reprogrammed”) and entities affiliated with Greylock Ventures (“Greylock”) each held less than a 10% equity interest in Inflection. Mr. Hoffman may be deemed to beneficially own the shares held by Reprogrammed and Greylock by virtue of his relationship with such entities. Mr. Hoffman did not participate in any portions of the meetings of our Board of Directors or any committee thereof to review and approve the transaction with Inflection.

Recent Accounting Guidance

Segment Reporting – Improvements to Reportable Segment Disclosures

In November 2023, the Financial Accounting Standards Board (“FASB”) issued a new standard to improve reportable segment disclosures. The guidance expands the disclosures required for reportable segments in our annual and interim consolidated financial statements, primarily through enhanced disclosures about significant segment expenses. The standard will be effective for us beginning with our annual reporting for fiscal year 2025 and interim periods thereafter, with early adoption permitted. We are currently evaluating the impact of this standard on our segment disclosures.

Income Taxes – Improvements to Income Tax Disclosures

In December 2023, the FASB issued a new standard to improve income tax disclosures. The guidance requires disclosure of disaggregated income taxes paid, prescribes standardized categories for the components of the effective tax rate reconciliation, and modifies other income tax-related disclosures. The standard will be effective for us beginning with our annual reporting for fiscal year 2026, with early adoption permitted. We are currently evaluating the impact of this standard on our income tax disclosures.

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

 

 

2024

 

 

2023

 

 

2022

 

 

 

 

 

 

 

 

 

Balance, beginning of period

$

716

 

$

710

 

$

798

Charged to costs and other

386

258

 

157

Write-offs

(218

)

(252

)

 

(245

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, end of period

$

884

 

$

716

 

$

710

 

 

 

 

 

 

 

 

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30,

 

 

2024

 

 

2023

 

 

2022

 

 

 

 

 

 

 

 

 

Accounts receivable, net of allowance for doubtful accounts

$

830

 

$

650

 

$

633

Other long-term assets

54

 

 

66

 

 

77

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

884

 

$

716

 

$

710

 

 

 

 

 

 

 

 

 

Name: us-gaap_AccountingPoliciesAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_SignificantAccountingPoliciesTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
EARNINGS PER SHARE
12 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
EARNINGS PER SHARE

NOTE 2 — EARNINGS PER SHARE

Basic earnings per share (“EPS”) is computed based on the weighted average number of shares of common stock outstanding during the period. Diluted EPS is computed based on the weighted average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Dilutive potential common shares include outstanding stock options and stock awards.

The components of basic and diluted EPS were as follows:

 

(In millions, except per share amounts)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

 

 

 

 

 

 

 

 

 

Net income available for common shareholders (A)

$

88,136

$

72,361

$

72,738

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average outstanding shares of common stock (B)

7,431

7,446

7,496

Dilutive effect of stock-based awards

38

26

44

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common stock and common stock equivalents (C)

7,469

7,472

7,540

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

 

Basic (A/B)

$

11.86

$

9.72

$

9.70

Diluted (A/C)

$

11.80

$

9.68

$

9.65

 

 

 

 

 

 

 

 

 

 

 

 

 

Anti-dilutive stock-based awards excluded from the calculations of diluted EPS were immaterial during the periods presented.

(In millions, except per share amounts)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

 

 

 

 

 

 

 

 

 

Net income available for common shareholders (A)

$

88,136

$

72,361

$

72,738

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average outstanding shares of common stock (B)

7,431

7,446

7,496

Dilutive effect of stock-based awards

38

26

44

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common stock and common stock equivalents (C)

7,469

7,472

7,540

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

 

Basic (A/B)

$

11.86

$

9.72

$

9.70

Diluted (A/C)

$

11.80

$

9.68

$

9.65

 

 

 

 

 

 

 

 

 

 

 

 

Name: us-gaap_EarningsPerShareAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_EarningsPerShareTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
OTHER INCOME (EXPENSE), NET
12 Months Ended
Jun. 30, 2024
Other Income and Expenses [Abstract]  
OTHER INCOME (EXPENSE), NET

NOTE 3 — OTHER INCOME (EXPENSE), NET

The components of other income (expense), net were as follows:

 

(In millions)

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

Interest and dividends income

$

3,157

$

2,994

$

2,094

Interest expense

(2,935

)

(1,968

)

(2,063

)

Net recognized gains (losses) on investments

(118

)

260

461

Net losses on derivatives

(187

)

(456

)

(52

)

Net gains (losses) on foreign currency remeasurements

(244

)

181

 

(75

)

Other, net

(1,319

)

(223

)

(32

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

(1,646

)

$

788

$

333

 

 

 

 

Other, net primarily reflects net recognized losses on equity method investments.

Net Recognized Gains (Losses) on Investments

Net recognized gains (losses) on debt investments were as follows:

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

Realized gains from sales of available-for-sale securities

$

22

 

$

36

 

$

162

 

Realized losses from sales of available-for-sale securities

(98

)

(124

)

(138

)

Impairments and allowance for credit losses

23

 

(10

)

(81

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

(53

)

$

(98

)

$

(57

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Net recognized gains (losses) on equity investments were as follows:

 

(In millions)

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

Net realized gains on investments sold

$

18

 

$

75

 

$

29

 

Net unrealized gains on investments still held

146

 

303

 

509

 

Impairments of investments

(229

)

(20

)

(20

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

(65

)

$

358

$

518

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

Interest and dividends income

$

3,157

$

2,994

$

2,094

Interest expense

(2,935

)

(1,968

)

(2,063

)

Net recognized gains (losses) on investments

(118

)

260

461

Net losses on derivatives

(187

)

(456

)

(52

)

Net gains (losses) on foreign currency remeasurements

(244

)

181

 

(75

)

Other, net

(1,319

)

(223

)

(32

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

(1,646

)

$

788

$

333

 

 

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

Realized gains from sales of available-for-sale securities

$

22

 

$

36

 

$

162

 

Realized losses from sales of available-for-sale securities

(98

)

(124

)

(138

)

Impairments and allowance for credit losses

23

 

(10

)

(81

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

(53

)

$

(98

)

$

(57

)

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

Net realized gains on investments sold

$

18

 

$

75

 

$

29

 

Net unrealized gains on investments still held

146

 

303

 

509

 

Impairments of investments

(229

)

(20

)

(20

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

(65

)

$

358

$

518

 

 

 

 

 

 

 

 

 

 

 

 

Name: us-gaap_OtherIncomeAndExpensesAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_OtherNonoperatingIncomeAndExpenseTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
INVESTMENTS
12 Months Ended
Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract]  
INVESTMENTS

NOTE 4 — INVESTMENTS

Investment Components

The components of investments were as follows:

 

(In millions)

 

Fair Value

Level

 

 

Adjusted

Cost Basis

 

 

Unrealized

Gains

 

 

Unrealized

Losses

 

 

Recorded

Basis

 

 

Cash

and Cash

Equivalents

 

Short-term

Investments

 

 

Equity and Other

Investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Changes in Fair Value Recorded in Other Comprehensive Income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial paper

 

 

Level 2

 

$

4,666

$

0

$

0

$

4,666

$

4,666

$

0

$

0

Certificates of deposit

 

 

Level 2

 

 

1,547

0

0

1,547

1,503

44

0

U.S. government securities

 

 

Level 1

 

49,603

 

 

 

4

 

 

 

(2,948

)

 

 

46,659

 

 

 

14

 

 

 

46,645

 

 

 

0

U.S. agency securities

 

 

Level 2

 

 

 

17

 

 

 

0

 

 

 

0

 

 

 

17

 

 

 

0

 

 

 

17

 

 

 

0

 

Foreign government bonds

 

 

Level 2

 

319

 

 

 

3

 

 

 

(16

)

 

 

306

 

 

 

0

 

 

 

306

 

 

 

0

Mortgage- and asset-backed securities

 

 

Level 2

 

944

 

 

 

3

 

 

 

(35

)

 

 

912

 

 

 

0

 

 

 

912

 

 

 

0

Corporate notes and bonds

 

 

Level 2

 

9,106

 

 

 

28

 

 

 

(318

)

 

 

8,816

 

 

 

0

 

 

 

8,816

 

 

 

0

Corporate notes and bonds

 

 

Level 3

 

 

 

1,641

 

 

 

0

 

 

 

(1

)

 

 

1,640

 

 

 

0

 

 

 

140

 

 

 

1,500

 

Municipal securities

 

 

Level 2

 

262

 

 

 

0

 

 

 

(13

)

 

 

249

 

 

 

0

 

 

 

249

 

 

 

0

 

Municipal securities

 

 

Level 3

 

104

 

 

 

0

 

 

 

(17

)

 

 

87

 

 

 

0

 

 

 

87

 

 

 

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total debt investments

 

 

 

 

 

$

68,209

 

 

$

38

 

 

$

(3,348

)

 

$

64,899

 

 

$

6,183

 

 

$

57,216

 

 

$

1,500

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Changes in Fair Value Recorded in Net Income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity investments

 

 

Level 1

 

 

 

 

 

 

 

 

 

 

 

 

$

3,547

 

 

$

561

 

 

$

0

 

 

$

2,986

Equity investments

 

 

Other

 

 

 

 

 

 

 

 

 

 

 

 

 

10,114

 

 

 

0

 

 

 

0

 

 

 

10,114

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total equity investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

13,661

 

 

$

561

 

 

$

0

 

 

$

13,100

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

11,571

 

 

$

11,571

 

 

$

0

 

 

$

0

 

Derivatives, net (a)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

12

 

 

 

0

 

 

 

12

 

 

 

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

90,143

 

 

$

18,315

 

 

$

57,228

 

 

$

14,600

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

 

Fair Value

Level

 

 

Adjusted

Cost Basis

 

 

Unrealized

Gains

 

 

Unrealized

Losses

 

 

Recorded

Basis

 

 

Cash

and Cash

Equivalents

 

Short-term

Investments

 

 

Equity and Other

Investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Changes in Fair Value Recorded in Other Comprehensive Income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial paper

 

 

Level 2

 

$

16,589

$

0

$

0

$

16,589

$

12,231

$

4,358

$

0

Certificates of deposit

 

 

Level 2

 

 

2,701

0

0

2,701

2,657

44

0

U.S. government securities

 

 

Level 1

 

65,237

2

(3,870

)

61,369

2,991

58,378

0

U.S. agency securities

 

 

Level 2

 

 

 

2,703

 

 

 

0

 

 

0

 

 

 

2,703

 

 

 

894

 

 

 

1,809

 

 

 

0

 

Foreign government bonds

 

 

Level 2

 

498

1

(24

)

475

0

475

0

Mortgage- and asset-backed securities

 

 

Level 2

 

824

1

(39

)

786

0

786

0

Corporate notes and bonds

 

 

Level 2

 

10,809

8

(583

)

10,234

0

10,234

0

Corporate notes and bonds

 

 

Level 3

 

 

 

120

 

 

 

0

 

 

0

 

 

 

120

 

 

 

0

 

 

 

120

 

 

 

0

 

Municipal securities

 

 

Level 2

 

285

1

(18

)

268

7

261

0

 

Municipal securities

 

 

Level 3

 

103

0

(16

)

87

0

87

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total debt investments

 

 

 

 

 

$

99,869

 

 

$

13

 

$

(4,550

)

$

95,332

 

 

$

18,780

 

 

$

76,552

 

 

$

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Changes in Fair Value Recorded in Net Income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity investments

 

 

Level 1

 

 

 

 

 

$

10,138

$

7,446

$

0

$

2,692

Equity investments

 

 

Other

 

 

 

 

7,187

0

0

 

7,187

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total equity investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

17,325

 

 

$

7,446

 

 

$

0

 

 

$

9,879

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

8,478

 

 

$

8,478

 

 

$

0

 

 

$

0

 

Derivatives, net (a)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6

 

 

 

0

 

 

 

6

 

 

 

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

$

121,141

$

34,704

$

76,558

$

9,879

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(a)
Refer to Note 5 – Derivatives for further information on the fair value of our derivative instruments.

 

Equity investments presented as “Other” in the tables above include investments without readily determinable fair values measured using the equity method or measured at cost with adjustments for observable changes in price or impairments, and investments measured at fair value using net asset value as a practical expedient which are not categorized in the fair value hierarchy. As of June 30, 2024 and 2023, equity investments without readily determinable fair values measured at cost with adjustments for observable changes in price or impairments were $3.9 billion and $4.2 billion, respectively.

Unrealized Losses on Debt Investments

Debt investments with continuous unrealized losses for less than 12 months and 12 months or greater and their related fair values were as follows:

 

Less than 12 Months

12 Months or Greater

Total
Unrealized
Losses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

Fair Value

Unrealized
Losses

Fair Value

Unrealized
Losses

Total
Fair Value

 

 

 

 

 

 

 

 

June 30, 2024

 

 

 

 

 

 

U.S. government and agency securities

 

$

529

 

 

$

(12

)

 

$

45,821

 

 

$

(2,936

)

 

$

46,350

 

 

$

(2,948

)

Foreign government bonds

 

 

79

 

 

 

(2

)

 

 

180

 

 

 

(14

)

 

 

259

 

 

 

(16

)

Mortgage- and asset-backed securities

 

 

201

 

 

 

(1

)

 

 

409

 

 

 

(34

)

 

 

610

 

 

 

(35

)

Corporate notes and bonds

 

 

1,310

 

 

 

(9

)

 

 

5,779

 

 

 

(310

)

 

 

7,089

 

 

 

(319

)

Municipal securities

 

 

38

 

 

 

(1

)

 

 

243

 

 

 

(29

)

 

 

281

 

 

 

(30

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

2,157

 

 

$

(25

)

 

$

52,432

 

 

$

(3,323

)

 

$

54,589

 

 

$

(3,348

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less than 12 Months

 

 

12 Months or Greater

 

 

 

 

 

 

 

Total
Unrealized
Losses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

 

 

Fair Value

 

 

 

Unrealized
Losses

 

 

 

Fair Value

 

 

 

Unrealized
Losses

 

 

 

Total
Fair Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government and agency securities

$

7,950

$

(336

)

$

45,273

$

(3,534

)

 

$

53,223

$

(3,870

)

Foreign government bonds

77

(5

)

391

(19

)

 

468

(24

)

Mortgage- and asset-backed securities

257

(5

)

412

(34

)

 

669

(39

)

Corporate notes and bonds

2,326

(49

)

7,336

(534

)

 

9,662

(583

)

Municipal securities

 

 

111

 

 

 

(3

)

 

 

186

 

 

 

(31

)

 

 

297

 

 

 

(34

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

10,721

$

(398

)

$

53,598

$

(4,152

)

 

$

64,319

$

(4,550

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized losses from fixed-income securities are primarily attributable to changes in interest rates. Management does not believe any remaining unrealized losses represent impairments based on our evaluation of available evidence.

Debt Investment Maturities

The following table outlines maturities of our debt investments as of June 30, 2024:

 

(In millions)

Adjusted

Cost Basis

Estimated

Fair Value

 

 

 

 

June 30, 2024

 

 

Due in one year or less

$

19,815

$

19,596

Due after one year through five years

38,954

36,779

Due after five years through 10 years

8,028

7,242

Due after 10 years

1,412

1,282

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

68,209

$

64,899

 

 

(In millions)

 

Fair Value

Level

 

 

Adjusted

Cost Basis

 

 

Unrealized

Gains

 

 

Unrealized

Losses

 

 

Recorded

Basis

 

 

Cash

and Cash

Equivalents

 

Short-term

Investments

 

 

Equity and Other

Investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Changes in Fair Value Recorded in Other Comprehensive Income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial paper

 

 

Level 2

 

$

4,666

$

0

$

0

$

4,666

$

4,666

$

0

$

0

Certificates of deposit

 

 

Level 2

 

 

1,547

0

0

1,547

1,503

44

0

U.S. government securities

 

 

Level 1

 

49,603

 

 

 

4

 

 

 

(2,948

)

 

 

46,659

 

 

 

14

 

 

 

46,645

 

 

 

0

U.S. agency securities

 

 

Level 2

 

 

 

17

 

 

 

0

 

 

 

0

 

 

 

17

 

 

 

0

 

 

 

17

 

 

 

0

 

Foreign government bonds

 

 

Level 2

 

319

 

 

 

3

 

 

 

(16

)

 

 

306

 

 

 

0

 

 

 

306

 

 

 

0

Mortgage- and asset-backed securities

 

 

Level 2

 

944

 

 

 

3

 

 

 

(35

)

 

 

912

 

 

 

0

 

 

 

912

 

 

 

0

Corporate notes and bonds

 

 

Level 2

 

9,106

 

 

 

28

 

 

 

(318

)

 

 

8,816

 

 

 

0

 

 

 

8,816

 

 

 

0

Corporate notes and bonds

 

 

Level 3

 

 

 

1,641

 

 

 

0

 

 

 

(1

)

 

 

1,640

 

 

 

0

 

 

 

140

 

 

 

1,500

 

Municipal securities

 

 

Level 2

 

262

 

 

 

0

 

 

 

(13

)

 

 

249

 

 

 

0

 

 

 

249

 

 

 

0

 

Municipal securities

 

 

Level 3

 

104

 

 

 

0

 

 

 

(17

)

 

 

87

 

 

 

0

 

 

 

87

 

 

 

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total debt investments

 

 

 

 

 

$

68,209

 

 

$

38

 

 

$

(3,348

)

 

$

64,899

 

 

$

6,183

 

 

$

57,216

 

 

$

1,500

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Changes in Fair Value Recorded in Net Income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity investments

 

 

Level 1

 

 

 

 

 

 

 

 

 

 

 

 

$

3,547

 

 

$

561

 

 

$

0

 

 

$

2,986

Equity investments

 

 

Other

 

 

 

 

 

 

 

 

 

 

 

 

 

10,114

 

 

 

0

 

 

 

0

 

 

 

10,114

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total equity investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

13,661

 

 

$

561

 

 

$

0

 

 

$

13,100

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

11,571

 

 

$

11,571

 

 

$

0

 

 

$

0

 

Derivatives, net (a)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

12

 

 

 

0

 

 

 

12

 

 

 

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

90,143

 

 

$

18,315

 

 

$

57,228

 

 

$

14,600

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

 

Fair Value

Level

 

 

Adjusted

Cost Basis

 

 

Unrealized

Gains

 

 

Unrealized

Losses

 

 

Recorded

Basis

 

 

Cash

and Cash

Equivalents

 

Short-term

Investments

 

 

Equity and Other

Investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Changes in Fair Value Recorded in Other Comprehensive Income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial paper

 

 

Level 2

 

$

16,589

$

0

$

0

$

16,589

$

12,231

$

4,358

$

0

Certificates of deposit

 

 

Level 2

 

 

2,701

0

0

2,701

2,657

44

0

U.S. government securities

 

 

Level 1

 

65,237

2

(3,870

)

61,369

2,991

58,378

0

U.S. agency securities

 

 

Level 2

 

 

 

2,703

 

 

 

0

 

 

0

 

 

 

2,703

 

 

 

894

 

 

 

1,809

 

 

 

0

 

Foreign government bonds

 

 

Level 2

 

498

1

(24

)

475

0

475

0

Mortgage- and asset-backed securities

 

 

Level 2

 

824

1

(39

)

786

0

786

0

Corporate notes and bonds

 

 

Level 2

 

10,809

8

(583

)

10,234

0

10,234

0

Corporate notes and bonds

 

 

Level 3

 

 

 

120

 

 

 

0

 

 

0

 

 

 

120

 

 

 

0

 

 

 

120

 

 

 

0

 

Municipal securities

 

 

Level 2

 

285

1

(18

)

268

7

261

0

 

Municipal securities

 

 

Level 3

 

103

0

(16

)

87

0

87

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total debt investments

 

 

 

 

 

$

99,869

 

 

$

13

 

$

(4,550

)

$

95,332

 

 

$

18,780

 

 

$

76,552

 

 

$

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Changes in Fair Value Recorded in Net Income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity investments

 

 

Level 1

 

 

 

 

 

$

10,138

$

7,446

$

0

$

2,692

Equity investments

 

 

Other

 

 

 

 

7,187

0

0

 

7,187

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total equity investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

17,325

 

 

$

7,446

 

 

$

0

 

 

$

9,879

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

8,478

 

 

$

8,478

 

 

$

0

 

 

$

0

 

Derivatives, net (a)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6

 

 

 

0

 

 

 

6

 

 

 

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

$

121,141

$

34,704

$

76,558

$

9,879

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less than 12 Months

12 Months or Greater

Total
Unrealized
Losses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

Fair Value

Unrealized
Losses

Fair Value

Unrealized
Losses

Total
Fair Value

 

 

 

 

 

 

 

 

June 30, 2024

 

 

 

 

 

 

U.S. government and agency securities

 

$

529

 

 

$

(12

)

 

$

45,821

 

 

$

(2,936

)

 

$

46,350

 

 

$

(2,948

)

Foreign government bonds

 

 

79

 

 

 

(2

)

 

 

180

 

 

 

(14

)

 

 

259

 

 

 

(16

)

Mortgage- and asset-backed securities

 

 

201

 

 

 

(1

)

 

 

409

 

 

 

(34

)

 

 

610

 

 

 

(35

)

Corporate notes and bonds

 

 

1,310

 

 

 

(9

)

 

 

5,779

 

 

 

(310

)

 

 

7,089

 

 

 

(319

)

Municipal securities

 

 

38

 

 

 

(1

)

 

 

243

 

 

 

(29

)

 

 

281

 

 

 

(30

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

2,157

 

 

$

(25

)

 

$

52,432

 

 

$

(3,323

)

 

$

54,589

 

 

$

(3,348

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less than 12 Months

 

 

12 Months or Greater

 

 

 

 

 

 

 

Total
Unrealized
Losses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

 

 

Fair Value

 

 

 

Unrealized
Losses

 

 

 

Fair Value

 

 

 

Unrealized
Losses

 

 

 

Total
Fair Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government and agency securities

$

7,950

$

(336

)

$

45,273

$

(3,534

)

 

$

53,223

$

(3,870

)

Foreign government bonds

77

(5

)

391

(19

)

 

468

(24

)

Mortgage- and asset-backed securities

257

(5

)

412

(34

)

 

669

(39

)

Corporate notes and bonds

2,326

(49

)

7,336

(534

)

 

9,662

(583

)

Municipal securities

 

 

111

 

 

 

(3

)

 

 

186

 

 

 

(31

)

 

 

297

 

 

 

(34

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

10,721

$

(398

)

$

53,598

$

(4,152

)

 

$

64,319

$

(4,550

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

Adjusted

Cost Basis

Estimated

Fair Value

 

 

 

 

June 30, 2024

 

 

Due in one year or less

$

19,815

$

19,596

Due after one year through five years

38,954

36,779

Due after five years through 10 years

8,028

7,242

Due after 10 years

1,412

1,282

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

68,209

$

64,899

 

 

Name: us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_InvestmentsInDebtAndEquityInstrumentsCashAndCashEquivalentsUnrealizedAndRealizedGainsLossesTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
DERIVATIVES
12 Months Ended
Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
DERIVATIVES

NOTE 5 — DERIVATIVES

We use derivative instruments to manage risks related to foreign currencies, interest rates, equity prices, and credit; to enhance investment returns; and to facilitate portfolio diversification. Our objectives for holding derivatives include reducing, eliminating, and efficiently managing the economic impact of these exposures as effectively as possible. Our derivative programs include strategies that both qualify and do not qualify for hedge accounting treatment.

Foreign Currencies

Certain forecasted transactions, assets, and liabilities are exposed to foreign currency risk. We monitor our foreign currency exposures daily to maximize the economic effectiveness of our foreign currency hedge positions.

Foreign currency risks related to certain non-U.S. dollar-denominated investments are hedged using foreign exchange forward contracts that are designated as fair value hedging instruments. Foreign currency risks related to certain Euro-denominated debt are hedged using foreign exchange forward contracts that are designated as cash flow hedging instruments.

Certain options and forwards not designated as hedging instruments are also used to manage the variability in foreign exchange rates on certain balance sheet amounts and to manage other foreign currency exposures.

Interest Rate

Interest rate risks related to certain fixed-rate debt are hedged using interest rate swaps that are designated as fair value hedging instruments to effectively convert the fixed interest rates to floating interest rates.

Securities held in our fixed-income portfolio are subject to different interest rate risks based on their maturities. We manage the average maturity of our fixed-income portfolio to achieve economic returns that correlate to certain broad-based fixed-income indices using option, futures, and swap contracts. These contracts are not designated as hedging instruments and are included in “Other contracts” in the tables below.

Equity

Securities held in our equity investments portfolio are subject to market price risk. At times, we may hold options, futures, and swap contracts. These contracts are not designated as hedging instruments.

Credit

Our fixed-income portfolio is diversified and consists primarily of investment-grade securities. We use credit default swap contracts to manage credit exposures relative to broad-based indices and to facilitate portfolio diversification. These contracts are not designated as hedging instruments and are included in “Other contracts” in the tables below.

Credit-Risk-Related Contingent Features

Certain counterparty agreements for derivative instruments contain provisions that require our issued and outstanding long-term unsecured debt to maintain an investment grade credit rating and require us to maintain minimum liquidity of $1.0 billion. To the extent we fail to meet these requirements, we will be required to post collateral, similar to the standard convention related to over-the-counter derivatives. As of June 30, 2024, our long-term unsecured debt rating was AAA, and cash investments were in excess of $1.0 billion. As a result, no collateral was required to be posted.

The following table presents the notional amounts of our outstanding derivative instruments measured in U.S. dollar equivalents:

 

(In millions)

June 30,

2024

June 30,

2023

 

 

 

 

 

 

 

 

 

 

 

 

Designated as Hedging Instruments

 

 

Foreign exchange contracts purchased

 

$

1,492

 

 

$

1,492

 

Interest rate contracts purchased

 

 

1,100

 

 

 

1,078

 

 

 

Not Designated as Hedging Instruments

 

 

Foreign exchange contracts purchased

 

 

7,167

 

 

 

7,874

 

Foreign exchange contracts sold

 

 

31,793

 

 

 

25,159

 

Equity contracts purchased

 

 

4,016

 

 

 

3,867

 

Equity contracts sold

 

 

2,165

 

 

 

2,154

 

Other contracts purchased

2,113

 

1,224

Other contracts sold

811

 

581

 

 

 

 

 

 

 

 

 

Fair Values of Derivative Instruments

The following table presents our derivative instruments:

 

 

 

Derivative

 

Derivative

 

Derivative

 

Derivative

 

(In millions)

Assets

Liabilities

Assets

Liabilities

 

June 30,

2024

June 30,

2023

 

Designated as Hedging Instruments

Foreign exchange contracts

$

24

$

(76

)

$

34

$

(67

)

Interest rate contracts

19

0

16

0

Not Designated as Hedging Instruments

Foreign exchange contracts

213

(230

)

249

(332

)

Equity contracts

 

 

63

 

 

 

(491

)

 

 

165

 

 

 

(400

)

Other contracts

12

(3

)

5

(6

)

Gross amounts of derivatives

331

(800

)

469

(805

)

Gross amounts of derivatives offset in the balance sheets

(151

)

152

(202

)

206

Cash collateral received

0

(104

)

0

(125

)

Net amounts of derivatives

$

180

$

(752

)

$

267

$

(724

)

Reported as

Short-term investments

$

12

$

0

$

6

$

0

Other current assets

149

0

245

0

Other long-term assets

19

0

16

0

Other current liabilities

0

(401

)

0

(341

)

Other long-term liabilities

0

(351

)

0

(383

)

Total

$

180

$

(752

)

$

267

$

(724

)

 

Gross derivative assets and liabilities subject to legally enforceable master netting agreements for which we have elected to offset were $304 million and $800 million, respectively, as of June 30, 2024, and $442 million and $804 million, respectively, as of June 30, 2023.

The following table presents the fair value of our derivatives instruments on a gross basis:

 

(In millions)

 

Level 1

 

 

 

Level 2

 

 

Level 3

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative assets

 

$

0

 

 

$

327

 

 

$

4

 

 

$

331

 

Derivative liabilities

 

 

(1

)

 

 

(799

)

 

 

0

 

 

 

(800

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative assets

 

 

0

 

 

 

462

 

 

 

7

 

 

 

469

 

Derivative liabilities

 

 

0

 

 

 

(805

)

 

 

0

 

 

 

(805

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gains (losses) on derivative instruments recognized in other income (expense), net were as follows:

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

Designated as Fair Value Hedging Instruments

Foreign exchange contracts

Derivatives

$

0

 

$

0

 

$

49

 

Hedged items

 

0

 

 

0

 

 

(50

)

Excluded from effectiveness assessment

 

0

 

 

0

 

 

4

 

Interest rate contracts

Derivatives

 

(23

)

 

(65

)

 

(92

)

Hedged items

 

(25

)

 

38

 

 

108

 

 

 

 

 

 

 

 

 

 

Designated as Cash Flow Hedging Instruments

Foreign exchange contracts

Amount reclassified from accumulated other comprehensive loss

 

(48

)

 

 

61

 

 

(79

)

 

 

 

 

 

 

 

 

 

Not Designated as Hedging Instruments

 

 

 

 

 

 

 

 

 

Foreign exchange contracts

 

367

 

 

(73

)

 

383

 

Equity contracts

 

 

(177

)

 

 

(420

)

 

 

13

 

Other contracts

 

(15

)

 

(41

)

 

(85

)

 

 

 

 

 

 

 

 

 

 

Gains (losses), net of tax, on derivative instruments recognized in our consolidated comprehensive income statements were as follows:

 

(In millions)

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

Designated as Cash Flow Hedging Instruments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign exchange contracts

 

 

 

 

 

 

 

 

 

 

 

Included in effectiveness assessment

$

(14

)

 

$

34

 

$

(57

)

 

 

 

 

(In millions)

June 30,

2024

June 30,

2023

 

 

 

 

 

 

 

 

 

 

 

 

Designated as Hedging Instruments

 

 

Foreign exchange contracts purchased

 

$

1,492

 

 

$

1,492

 

Interest rate contracts purchased

 

 

1,100

 

 

 

1,078

 

 

 

Not Designated as Hedging Instruments

 

 

Foreign exchange contracts purchased

 

 

7,167

 

 

 

7,874

 

Foreign exchange contracts sold

 

 

31,793

 

 

 

25,159

 

Equity contracts purchased

 

 

4,016

 

 

 

3,867

 

Equity contracts sold

 

 

2,165

 

 

 

2,154

 

Other contracts purchased

2,113

 

1,224

Other contracts sold

811

 

581

 

 

 

 

 

 

 

 

 

 

Derivative

 

Derivative

 

Derivative

 

Derivative

 

(In millions)

Assets

Liabilities

Assets

Liabilities

 

June 30,

2024

June 30,

2023

 

Designated as Hedging Instruments

Foreign exchange contracts

$

24

$

(76

)

$

34

$

(67

)

Interest rate contracts

19

0

16

0

Not Designated as Hedging Instruments

Foreign exchange contracts

213

(230

)

249

(332

)

Equity contracts

 

 

63

 

 

 

(491

)

 

 

165

 

 

 

(400

)

Other contracts

12

(3

)

5

(6

)

Gross amounts of derivatives

331

(800

)

469

(805

)

Gross amounts of derivatives offset in the balance sheets

(151

)

152

(202

)

206

Cash collateral received

0

(104

)

0

(125

)

Net amounts of derivatives

$

180

$

(752

)

$

267

$

(724

)

Reported as

Short-term investments

$

12

$

0

$

6

$

0

Other current assets

149

0

245

0

Other long-term assets

19

0

16

0

Other current liabilities

0

(401

)

0

(341

)

Other long-term liabilities

0

(351

)

0

(383

)

Total

$

180

$

(752

)

$

267

$

(724

)

(In millions)

 

Level 1

 

 

 

Level 2

 

 

Level 3

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative assets

 

$

0

 

 

$

327

 

 

$

4

 

 

$

331

 

Derivative liabilities

 

 

(1

)

 

 

(799

)

 

 

0

 

 

 

(800

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative assets

 

 

0

 

 

 

462

 

 

 

7

 

 

 

469

 

Derivative liabilities

 

 

0

 

 

 

(805

)

 

 

0

 

 

 

(805

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

Designated as Fair Value Hedging Instruments

Foreign exchange contracts

Derivatives

$

0

 

$

0

 

$

49

 

Hedged items

 

0

 

 

0

 

 

(50

)

Excluded from effectiveness assessment

 

0

 

 

0

 

 

4

 

Interest rate contracts

Derivatives

 

(23

)

 

(65

)

 

(92

)

Hedged items

 

(25

)

 

38

 

 

108

 

 

 

 

 

 

 

 

 

 

Designated as Cash Flow Hedging Instruments

Foreign exchange contracts

Amount reclassified from accumulated other comprehensive loss

 

(48

)

 

 

61

 

 

(79

)

 

 

 

 

 

 

 

 

 

Not Designated as Hedging Instruments

 

 

 

 

 

 

 

 

 

Foreign exchange contracts

 

367

 

 

(73

)

 

383

 

Equity contracts

 

 

(177

)

 

 

(420

)

 

 

13

 

Other contracts

 

(15

)

 

(41

)

 

(85

)

 

 

 

 

 

 

 

 

 

(In millions)

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

Designated as Cash Flow Hedging Instruments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign exchange contracts

 

 

 

 

 

 

 

 

 

 

 

Included in effectiveness assessment

$

(14

)

 

$

34

 

$

(57

)

 

 

 

 

Name: us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
INVENTORIES
12 Months Ended
Jun. 30, 2024
Inventory Disclosure [Abstract]  
INVENTORIES

NOTE 6 — INVENTORIES

The components of inventories were as follows:

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

June 30,

2024

2023

 

 

Raw materials

$

394

$

709

Work in process

7

23

Finished goods

845

1,768

 

 

 

 

 

 

 

Total

$

1,246

$

2,500

 

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

June 30,

2024

2023

 

 

Raw materials

$

394

$

709

Work in process

7

23

Finished goods

845

1,768

 

 

 

 

 

 

 

Total

$

1,246

$

2,500

 

 

Name: us-gaap_InventoryDisclosureAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_InventoryDisclosureTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
PROPERTY AND EQUIPMENT
12 Months Ended
Jun. 30, 2024
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 7 — PROPERTY AND EQUIPMENT

The components of property and equipment were as follows:

 

(In millions)

 

 

 

 

June 30,

2024

2023

 

 

Land

$

8,163

$

5,683

Buildings and improvements

93,943

68,465

Leasehold improvements

9,594

8,537

Computer equipment and software

93,780

74,961

Furniture and equipment

6,532

6,246

 

 

 

 

 

 

 

 

Total, at cost

212,012

163,892

Accumulated depreciation

(76,421

)

(68,251

)

 

 

 

 

 

 

 

 

Total, net

$

135,591

$

95,641

 

 

 

During fiscal years 2024, 2023, and 2022, depreciation expense was $15.2 billion, $11.0 billion, and $12.6 billion, respectively.

As of June 30, 2024, we have committed $35.4 billion for the construction of new buildings, building improvements, and leasehold improvements, primarily related to datacenters.

(In millions)

 

 

 

 

June 30,

2024

2023

 

 

Land

$

8,163

$

5,683

Buildings and improvements

93,943

68,465

Leasehold improvements

9,594

8,537

Computer equipment and software

93,780

74,961

Furniture and equipment

6,532

6,246

 

 

 

 

 

 

 

 

Total, at cost

212,012

163,892

Accumulated depreciation

(76,421

)

(68,251

)

 

 

 

 

 

 

 

 

Total, net

$

135,591

$

95,641

 

 

Name: us-gaap_PropertyPlantAndEquipmentAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
BUSINESS COMBINATIONS
12 Months Ended
Jun. 30, 2024
Business Combinations [Abstract]  
BUSINESS COMBINATIONS

NOTE 8 — BUSINESS COMBINATIONS

Activision Blizzard, Inc.

On October 13, 2023, we completed our acquisition of Activision Blizzard, Inc. (“Activision Blizzard”) for a total purchase price of $75.4 billion, consisting primarily of cash. Activision Blizzard is a leader in game development and an interactive entertainment content publisher. The acquisition will accelerate the growth in our gaming business across mobile, PC, console, and cloud gaming. The financial results of Activision Blizzard have been included in our consolidated financial statements since the date of the acquisition. Activision Blizzard is reported as part of our More Personal Computing segment.

The purchase price allocation as of the date of acquisition was based on a preliminary valuation and is subject to revision as more detailed analyses are completed and additional information about the fair value of assets acquired and liabilities assumed becomes available. The primary areas that remain preliminary relate to the fair values of goodwill and income taxes.

The major classes of assets and liabilities to which we have preliminarily allocated the purchase price were as follows:

 

(In millions)

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

$

12,976

Goodwill

 

50,969

Intangible assets

 

 

21,969

 

Other assets

 

 

2,501

 

Long-term debt

 

 

(2,799

)

Long-term income taxes

 

 

(1,914

)

Deferred income taxes

 

 

(4,677

)

Other liabilities

 

(3,617

)

 

 

 

 

 

 

 

Total purchase price

$

75,408

 

 

 

 

Goodwill was assigned to our More Personal Computing segment. The goodwill was primarily attributed to increased synergies that are expected to be achieved from the integration of Activision Blizzard. Substantially all of the goodwill is expected to be non-deductible for income tax purposes.

Following are the details of the purchase price allocated to the intangible assets acquired:

 

(In millions, except average life)

Amount

 

 

Weighted

Average Life

 

 

 

Marketing-related

$

11,619

24 years

Technology-based

9,689

4 years

Customer-related

661

4 years

 

 

Fair value of intangible assets acquired

$

21,969

 

 

 

15 years

 

 

 

Following is the net impact of the Activision Blizzard acquisition on our consolidated income statements since the date of acquisition:

 

(In millions)

Year Ended June 30,

2024

Revenue

$

5,729

Operating loss

(1,362

)

 

 

 

 

 

The change of Activision Blizzard content from third-party to first-party is reflected in the net impact.

Following are the supplemental consolidated financial results of Microsoft Corporation on an unaudited pro forma basis, as if the acquisition had been consummated on July 1, 2022:

 

(In millions, except per share amounts)

Year Ended June 30,

2024

2023

Revenue

$

247,442

$

219,790

Net income

88,308

71,383

Diluted earnings per share

11.82

9.55

 

 

 

 

 

 

 

 

 

These pro forma results were based on estimates and assumptions, which we believe are reasonable. They are not the results that would have been realized had we been a combined company during the periods presented and are not necessarily indicative of our consolidated results of operations in future periods. The pro forma results include adjustments related to purchase accounting, primarily amortization of intangible assets. Acquisition costs and other nonrecurring charges were immaterial and are included in the earliest period presented.

Nuance Communications, Inc.

On March 4, 2022, we completed our acquisition of Nuance Communications, Inc. (“Nuance”) for a total purchase price of $18.8 billion, consisting primarily of cash. Nuance is a cloud and artificial intelligence (“AI”) software provider with healthcare and enterprise AI experience, and the acquisition will build on our industry-specific cloud offerings. The financial results of Nuance have been included in our consolidated financial statements since the date of the acquisition. Nuance is reported as part of our Intelligent Cloud segment.

The allocation of the purchase price to goodwill was completed as of December 31, 2022. The major classes of assets and liabilities to which we have allocated the purchase price were as follows:

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill (a)

 

 

$

16,326

 

Intangible assets

 

 

 

4,365

 

Other assets

 

 

 

42

 

Other liabilities (b)

 

 

 

(1,972

)

 

 

 

 

 

 

 

 

Total

 

 

$

18,761

 

 

 

 

(a)
Goodwill was assigned to our Intelligent Cloud segment and was primarily attributed to increased synergies that are expected to be achieved from the integration of Nuance. None of the goodwill is expected to be deductible for income tax purposes.
(b)
Includes $986 million of convertible senior notes issued by Nuance in 2015 and 2017, substantially all of which have been redeemed.

Following are the details of the purchase price allocated to the intangible assets acquired:

 

(In millions, except average life)

 

Amount

 

 

Weighted

Average Life

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer-related

 

$

2,610

 

9 years

 

Technology-based

 

 

1,540

 

5 years

 

Marketing-related

 

 

215

 

 

4 years

 

 

 

 

 

 

 

 

 

 

Total

 

$

4,365

 

7 years

 

 

(In millions)

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

$

12,976

Goodwill

 

50,969

Intangible assets

 

 

21,969

 

Other assets

 

 

2,501

 

Long-term debt

 

 

(2,799

)

Long-term income taxes

 

 

(1,914

)

Deferred income taxes

 

 

(4,677

)

Other liabilities

 

(3,617

)

 

 

 

 

 

 

 

Total purchase price

$

75,408

 

 

 

(In millions, except average life)

Amount

 

 

Weighted

Average Life

 

 

 

Marketing-related

$

11,619

24 years

Technology-based

9,689

4 years

Customer-related

661

4 years

 

 

Fair value of intangible assets acquired

$

21,969

 

 

 

15 years

 

 

(In millions)

Year Ended June 30,

2024

Revenue

$

5,729

Operating loss

(1,362

)

 

 

 

 

(In millions, except per share amounts)

Year Ended June 30,

2024

2023

Revenue

$

247,442

$

219,790

Net income

88,308

71,383

Diluted earnings per share

11.82

9.55

 

 

 

 

 

 

 

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill (a)

 

 

$

16,326

 

Intangible assets

 

 

 

4,365

 

Other assets

 

 

 

42

 

Other liabilities (b)

 

 

 

(1,972

)

 

 

 

 

 

 

 

 

Total

 

 

$

18,761

 

 

 

(In millions, except average life)

 

Amount

 

 

Weighted

Average Life

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer-related

 

$

2,610

 

9 years

 

Technology-based

 

 

1,540

 

5 years

 

Marketing-related

 

 

215

 

 

4 years

 

 

 

 

 

 

 

 

 

 

Total

 

$

4,365

 

7 years

 

 

Name: us-gaap_BusinessCombinationsAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_MergersAcquisitionsAndDispositionsDisclosuresTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
GOODWILL
12 Months Ended
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL

NOTE 9 — GOODWILL

Changes in the carrying amount of goodwill were as follows:

 

(In millions)

 

June 30,

2022

 

Acquisitions

 

Other

 

June 30,

2023

 

 

 

Acquisitions

 

 

 

Other

 

June 30,
2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Productivity and Business Processes

$

24,811

$

11

$

(47

)

$

24,775

$

0

 

 

$

2

 

$

24,777

Intelligent Cloud

30,182

223

64

 

30,469

0

 

 

(28

)

30,441

More Personal Computing

12,531

0

111

12,642

51,235

(a)

 

125

(a)

64,002

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

67,524

 

$

234

$

128

 

$

67,886

 

 

$

51,235

 

$

99

 

$

119,220

 

 

 

 

 

 

 

 

 

 

 

 

(a)
Includes goodwill of $51.0 billion related to Activision Blizzard. See Note 8 – Business Combinations for further information.

The measurement periods for the valuation of assets acquired and liabilities assumed end as soon as information on the facts and circumstances that existed as of the acquisition dates becomes available, but do not exceed 12 months. Adjustments in purchase price allocations may require a change in the amounts allocated to goodwill during the periods in which the adjustments are determined.

Any change in the goodwill amounts resulting from foreign currency translations and purchase accounting adjustments are presented as “Other” in the table above. Also included in “Other” are business dispositions and transfers between segments due to reorganizations, as applicable.

Goodwill Impairment

We test goodwill for impairment annually on May 1 at the reporting unit level, primarily using a discounted cash flow methodology with a peer-based, risk-adjusted weighted average cost of capital. We believe use of a discounted cash flow approach is the most reliable indicator of the fair values of the businesses.

No instances of impairment were identified in our May 1, 2024, May 1, 2023, or May 1, 2022 tests. As of June 30, 2024 and 2023, accumulated goodwill impairment was $11.3 billion.

(In millions)

 

June 30,

2022

 

Acquisitions

 

Other

 

June 30,

2023

 

 

 

Acquisitions

 

 

 

Other

 

June 30,
2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Productivity and Business Processes

$

24,811

$

11

$

(47

)

$

24,775

$

0

 

 

$

2

 

$

24,777

Intelligent Cloud

30,182

223

64

 

30,469

0

 

 

(28

)

30,441

More Personal Computing

12,531

0

111

12,642

51,235

(a)

 

125

(a)

64,002

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

67,524

 

$

234

$

128

 

$

67,886

 

 

$

51,235

 

$

99

 

$

119,220

 

 

 

 

 

 

 

 

 

 

 

Name: us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_GoodwillDisclosureTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
INTANGIBLE ASSETS
12 Months Ended
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS

NOTE 10 — INTANGIBLE ASSETS

The components of intangible assets, all of which are finite-lived, were as follows:

 

(In millions)

Gross
Carrying
Amount

Accumulated
Amortization

Net Carrying
Amount

Gross
Carrying
Amount

 

Accumulated
Amortization

Net Carrying
Amount

 

 

 

 

 

 

 

 

June 30,

 

 

 

 

 

 

2024

 

 

 

 

 

 

 

 

2023

 

 

 

 

 

 

Marketing-related

$

16,500

$

(3,101

)

$

13,399

$

4,935

$

(2,473

)

$

2,462

Technology-based

21,913

(10,741

)

11,172

11,245

(7,589

)

3,656

Customer-related

6,038

(3,051

)

2,987

7,281

(4,047

)

3,234

Contract-based

58

(19

)

39

29

(15

)

14

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

44,509

(a)

$

(16,912

)

$

27,597

$

23,490

 

$

(14,124

)

$

9,366

 

 

 

 

 

 

 

 

 

(a)
Includes intangible assets of $22.0 billion related to Activision Blizzard. See Note 8 – Business Combinations for further information.

No material impairments of intangible assets were identified during fiscal years 2024, 2023, or 2022. We estimate that we have no significant residual value related to our intangible assets.

The components of intangible assets acquired during the periods presented were as follows:

 

(In millions)

Amount

Weighted

Average Life

Amount

Weighted

Average Life

 

 

 

 

 

 

Year Ended June 30,

2024

2023

 

 

 

 

Marketing-related

$

11,619

24 years

$

7

5 years

Technology-based

 

10,947

4 years

 

522

7 years

 

Customer-related

660

4 years

0

0 years

Contract-based

 

 

38

 

 

 

4 years

 

 

 

12

 

 

 

3 years

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

23,264

14 years

$

541

6 years

 

 

 

Intangible assets amortization expense was $4.8 billion, $2.5 billion, and $2.0 billion for fiscal years 2024, 2023, and 2022, respectively.

The following table outlines the estimated future amortization expense related to intangible assets held as of June 30, 2024:

 

(In millions)

 

 

 

Year Ending June 30,

 

2025

$

5,892

2026

4,471

2027

2,793

2028

1,909

2029

1,728

Thereafter

10,804

 

 

 

 

 

Total

$

27,597

 

(In millions)

Gross
Carrying
Amount

Accumulated
Amortization

Net Carrying
Amount

Gross
Carrying
Amount

 

Accumulated
Amortization

Net Carrying
Amount

 

 

 

 

 

 

 

 

June 30,

 

 

 

 

 

 

2024

 

 

 

 

 

 

 

 

2023

 

 

 

 

 

 

Marketing-related

$

16,500

$

(3,101

)

$

13,399

$

4,935

$

(2,473

)

$

2,462

Technology-based

21,913

(10,741

)

11,172

11,245

(7,589

)

3,656

Customer-related

6,038

(3,051

)

2,987

7,281

(4,047

)

3,234

Contract-based

58

(19

)

39

29

(15

)

14

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

44,509

(a)

$

(16,912

)

$

27,597

$

23,490

 

$

(14,124

)

$

9,366

 

 

 

 

 

 

 

 

(In millions)

Amount

Weighted

Average Life

Amount

Weighted

Average Life

 

 

 

 

 

 

Year Ended June 30,

2024

2023

 

 

 

 

Marketing-related

$

11,619

24 years

$

7

5 years

Technology-based

 

10,947

4 years

 

522

7 years

 

Customer-related

660

4 years

0

0 years

Contract-based

 

 

38

 

 

 

4 years

 

 

 

12

 

 

 

3 years

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

23,264

14 years

$

541

6 years

 

 

(In millions)

 

 

 

Year Ending June 30,

 

2025

$

5,892

2026

4,471

2027

2,793

2028

1,909

2029

1,728

Thereafter

10,804

 

 

 

 

 

Total

$

27,597

 

Name: us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_IntangibleAssetsDisclosureTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
DEBT
12 Months Ended
Jun. 30, 2024
Debt Disclosure [Abstract]  
DEBT

NOTE 11 DEBT

Short-term Debt

As of June 30, 2024, we had $6.7 billion of commercial paper issued and outstanding, with a weighted average interest rate of 5.4% and maturities ranging from 28 days to 152 days. The estimated fair value of this commercial paper approximates its carrying value. As of June 30, 2023, we had no commercial paper issued or outstanding.

Long-term Debt

The components of long-term debt were as follows:

 

(In millions, issuance by calendar year)

Maturities

(calendar year)

Stated Interest

Rate

 

Effective Interest

Rate

 

June 30,

2024

June 30,

2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2009 issuance of $3.8 billion

 

 

 

2039

 

 

5.20%

 

 

 

5.24%

 

 

$

520

$

520

2010 issuance of $4.8 billion

 

 

2040

 

 

4.50%

 

 

 

4.57%

 

 

486

486

2011 issuance of $2.3 billion

 

 

2041

 

 

5.30%

 

 

 

5.36%

 

 

718

718

2012 issuance of $2.3 billion

 

 

 

 

2042

 

 

 

 

3.50%

 

 

 

 

3.57%

 

 

 

454

 

 

 

454

 

2013 issuance of $5.2 billion

 

 

2043

3.75%

4.88%

 

3.83%

4.92%

 

 

314

1,814

2013 issuance of €4.1 billion

 

 

2028

2033

 

 

2.63%

3.13%

 

 

2.69%

3.22%

 

 

 

2,465

 

 

 

2,509

 

2015 issuance of $23.8 billion

2025

2055

2.70%

4.75%

 

2.77%

4.78%

 

 

9,805

9,805

2016 issuance of $19.8 billion

2026

2056

2.40%

3.95%

 

2.46%

4.03%

 

 

7,930

9,430

2017 issuance of $17.1 billion (a)

2026

2057

3.30%

4.50%

 

3.38%

5.49%

 

 

6,833

8,945

2020 issuance of $10.1 billion (a)

2030

2060

1.35%

2.68%

 

2.53%

5.43%

 

 

10,111

10,000

2021 issuance of $8.2 billion

 

 

2052

2062

 

 

2.92%

3.04%

 

 

2.92%

3.04%

 

 

 

8,185

 

 

 

8,185

 

2023 issuance of $0.1 billion (a)

 

 

2026

2050

 

 

1.35%

4.50%

 

 

5.16%

5.49%

 

 

 

56

 

 

 

0

 

2024 issuance of $3.3 billion (a)

 

 

2026

2050

 

 

1.35%

4.50%

 

 

5.16%

5.49%

 

 

 

3,344

 

 

 

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total face value

 

 

 

 

 

 

51,221

52,866

Unamortized discount and issuance costs

 

 

 

 

 

 

 

 

 

 

 

 

(1,227

)

 

 

(438

)

Hedge fair value adjustments (b)

 

 

 

 

 

 

 

 

 

 

 

 

(81

)

 

 

(106

)

Premium on debt exchange

 

 

 

 

 

 

 

 

 

 

 

 

(4,976

)

 

 

(5,085

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total debt

 

 

 

 

 

 

 

 

 

44,937

47,237

Current portion of long-term debt

 

 

 

 

 

 

 

 

 

 

 

 

(2,249

)

 

 

(5,247

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Long-term debt

 

 

 

 

 

 

 

 

 

 

 

$

42,688

 

 

$

41,990

 

 

 

 

 

 

 

 

(a)
Includes $3.6 billion of debt at face value related to the Activision Blizzard acquisition, the majority of which was exchanged for Microsoft registered securities in June 2024. See Note 8 – Business Combinations for further information.
(b)
Refer to Note 5 – Derivatives for further information on the interest rate swaps related to fixed-rate debt.

As of June 30, 2024 and 2023, the estimated fair value of long-term debt, including the current portion, was $42.3 billion and $46.2 billion, respectively. The estimated fair values are based on Level 2 inputs.

Debt in the table above is comprised of senior unsecured obligations and ranks equally with our other outstanding obligations. Interest is paid semi-annually, except for the Euro-denominated debt, which is paid annually. Cash paid for interest on our debt for fiscal years 2024, 2023, and 2022 was $1.7 billion, $1.7 billion, and $1.9 billion, respectively.

The following table outlines maturities of our long-term debt, including the current portion, as of June 30, 2024:

 

(In millions)

 

 

Year Ending June 30,

2025

$

2,250

2026

3,000

2027

9,250

2028

0

2029

1,876

Thereafter

34,845

Total

$

51,221

(In millions, issuance by calendar year)

Maturities

(calendar year)

Stated Interest

Rate

 

Effective Interest

Rate

 

June 30,

2024

June 30,

2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2009 issuance of $3.8 billion

 

 

 

2039

 

 

5.20%

 

 

 

5.24%

 

 

$

520

$

520

2010 issuance of $4.8 billion

 

 

2040

 

 

4.50%

 

 

 

4.57%

 

 

486

486

2011 issuance of $2.3 billion

 

 

2041

 

 

5.30%

 

 

 

5.36%

 

 

718

718

2012 issuance of $2.3 billion

 

 

 

 

2042

 

 

 

 

3.50%

 

 

 

 

3.57%

 

 

 

454

 

 

 

454

 

2013 issuance of $5.2 billion

 

 

2043

3.75%

4.88%

 

3.83%

4.92%

 

 

314

1,814

2013 issuance of €4.1 billion

 

 

2028

2033

 

 

2.63%

3.13%

 

 

2.69%

3.22%

 

 

 

2,465

 

 

 

2,509

 

2015 issuance of $23.8 billion

2025

2055

2.70%

4.75%

 

2.77%

4.78%

 

 

9,805

9,805

2016 issuance of $19.8 billion

2026

2056

2.40%

3.95%

 

2.46%

4.03%

 

 

7,930

9,430

2017 issuance of $17.1 billion (a)

2026

2057

3.30%

4.50%

 

3.38%

5.49%

 

 

6,833

8,945

2020 issuance of $10.1 billion (a)

2030

2060

1.35%

2.68%

 

2.53%

5.43%

 

 

10,111

10,000

2021 issuance of $8.2 billion

 

 

2052

2062

 

 

2.92%

3.04%

 

 

2.92%

3.04%

 

 

 

8,185

 

 

 

8,185

 

2023 issuance of $0.1 billion (a)

 

 

2026

2050

 

 

1.35%

4.50%

 

 

5.16%

5.49%

 

 

 

56

 

 

 

0

 

2024 issuance of $3.3 billion (a)

 

 

2026

2050

 

 

1.35%

4.50%

 

 

5.16%

5.49%

 

 

 

3,344

 

 

 

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total face value

 

 

 

 

 

 

51,221

52,866

Unamortized discount and issuance costs

 

 

 

 

 

 

 

 

 

 

 

 

(1,227

)

 

 

(438

)

Hedge fair value adjustments (b)

 

 

 

 

 

 

 

 

 

 

 

 

(81

)

 

 

(106

)

Premium on debt exchange

 

 

 

 

 

 

 

 

 

 

 

 

(4,976

)

 

 

(5,085

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total debt

 

 

 

 

 

 

 

 

 

44,937

47,237

Current portion of long-term debt

 

 

 

 

 

 

 

 

 

 

 

 

(2,249

)

 

 

(5,247

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Long-term debt

 

 

 

 

 

 

 

 

 

 

 

$

42,688

 

 

$

41,990

 

 

 

 

 

 

 

(In millions)

 

 

Year Ending June 30,

2025

$

2,250

2026

3,000

2027

9,250

2028

0

2029

1,876

Thereafter

34,845

Total

$

51,221

Name: us-gaap_DebtDisclosureAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_DebtDisclosureTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
INCOME TAXES
12 Months Ended
Jun. 30, 2024
Income Tax Disclosure [Abstract]  
INCOME TAXES

NOTE 12 — INCOME TAXES

Provision for Income Taxes

The components of the provision for income taxes were as follows:

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

Current Taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. federal

$

12,165

 

$

14,009

 

$

8,329

 

U.S. state and local

 

 

2,366

 

 

 

2,322

 

 

 

1,679

 

Foreign

 

9,858

 

 

6,678

 

 

6,672

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current taxes

$

24,389

 

 

$

23,009

 

 

$

16,680

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred Taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. federal

$

(4,791

)

 

$

(6,146

)

 

$

(4,815

)

U.S. state and local

 

 

(379

)

 

 

(477

)

 

 

(1,062

)

Foreign

 

432

 

 

 

564

 

 

 

175

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred taxes

$

(4,738

)

 

$

(6,059

)

 

$

(5,702

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Provision for income taxes

$

19,651

 

$

16,950

 

$

10,978

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. and foreign components of income before income taxes were as follows:

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

U.S.

$

62,886

 

$

52,917

 

$

47,837

 

Foreign

44,901

36,394

35,879

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income before income taxes

$

107,787

$

89,311

$

83,716

 

 

 

 

 

 

 

 

 

 

 

 

 

Effective Tax Rate

The items accounting for the difference between income taxes computed at the U.S. federal statutory rate and our effective rate were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

Federal statutory rate

21.0%

 

21.0%

 

21.0%

 

Effect of:

 

 

 

Foreign earnings taxed at lower rates

(1.4)%

 

(1.8)%

 

(1.3)%

 

Impact of intangible property transfers

 

 

0%

 

 

 

0%

 

 

 

(3.9)%

 

Foreign-derived intangible income deduction

 

 

(1.1)%

 

 

 

(1.3)%

 

 

 

(1.1)%

 

State income taxes, net of federal benefit

 

 

1.5%

 

 

 

1.6%

 

 

 

1.4%

 

Research and development credit

 

 

(1.1)%

 

 

 

(1.1)%

 

 

 

(0.9)%

 

Excess tax benefits relating to stock-based compensation

 

 

(1.1)%

 

 

 

(0.7)%

 

 

 

(1.9)%

 

Interest, net

 

 

1.1%

 

 

 

0.8%

 

 

 

0.5%

 

Other reconciling items, net

(0.7)%

 

0.5%

 

(0.7)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Effective rate

18.2%

 

19.0%

 

13.1%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

In the first quarter of fiscal year 2022, we transferred certain intangible properties from our Puerto Rico subsidiary to the U.S. The transfer of intangible properties resulted in a $3.3 billion net income tax benefit in the first quarter of fiscal year 2022, as the value of future U.S. tax deductions exceeded the current tax liability from the U.S. global intangible low-taxed income (“GILTI”) tax.

The decrease from the federal statutory rate in fiscal year 2024 and 2023 is primarily due to earnings taxed at lower rates in foreign jurisdictions resulting from producing and distributing our products and services through our foreign regional operations center in Ireland. The decrease from the federal statutory rate in fiscal year 2022 is primarily due to the net income tax benefit related to the transfer of intangible properties, earnings taxed at lower rates in foreign jurisdictions resulting from producing and distributing our products and services through our foreign regional operations center in Ireland, and tax benefits relating to stock-based compensation. In fiscal years 2024 and 2023, our foreign regional operating center in Ireland, which is taxed at a rate lower than the U.S. rate, generated 83% and 81% of our foreign income before tax. In fiscal year 2022, our foreign regional operating centers in Ireland and Puerto Rico, which are taxed at rates lower than the U.S. rate, generated 71% of our foreign income before tax. Other reconciling items, net consists primarily of tax credits and GILTI tax, and in fiscal year 2024, includes tax benefits from tax law changes. In fiscal year 2024, tax benefits from tax law changes primarily relates to the issuance of Notice 2023-55 and Notice 2023-80 by the Internal Revenue Service (“IRS”) and U.S. Treasury Department. Notice 2023-55, issued in the first quarter of fiscal year 2024, delayed the effective date of final foreign tax credit regulations to fiscal year 2024 for Microsoft. Notice 2023-80, issued in the second quarter of fiscal year 2024, further delayed the effective date of final foreign tax credit regulations indefinitely. In fiscal years 2024, 2023, and 2022, there were no individually significant other reconciling items.

The decrease in our effective tax rate for fiscal year 2024 compared to fiscal year 2023 was primarily due to tax benefits from tax law changes, including the delay of the effective date of final foreign tax credit regulations. The increase in our effective tax rate for fiscal year 2023 compared to fiscal year 2022 was primarily due to a $3.3 billion net income tax benefit in the first quarter of fiscal year 2022 related to the transfer of intangible properties and a decrease in tax benefits relating to stock-based compensation.

The components of the deferred income tax assets and liabilities were as follows:

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

June 30,

2024

2023

 

 

Deferred Income Tax Assets

 

 

Stock-based compensation expense

$

765

$

681

Accruals, reserves, and other expenses

4,381

3,131

Loss and credit carryforwards

1,741

1,441

Amortization

 

 

4,159

 

 

 

9,440

 

Leasing liabilities

 

 

6,504

 

 

 

5,041

 

Unearned revenue

 

 

3,717

 

 

 

3,296

 

Book/tax basis differences in investments and debt

 

 

9

 

 

 

373

 

Capitalized research and development

 

 

11,442

 

 

 

6,958

 

Other

426

489

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred income tax assets

 

33,144

 

30,850

Less valuation allowance

(1,045

)

(939

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred income tax assets, net of valuation allowance

$

32,099

$

29,911

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred Income Tax Liabilities

 

 

Leasing assets

 

$

(6,503

)

 

$

(4,680

)

Depreciation

 

 

(3,940

)

 

 

(2,674

)

Deferred tax on foreign earnings

 

 

(1,837

)

 

 

(2,738

)

Other

(167

)

(89

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred income tax liabilities

$

(12,447

)

$

(10,181

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net deferred income tax assets

$

19,652

 

$

19,730

 

 

 

 

 

 

 

 

 

 

 

Reported As

 

 

Other long-term assets

 

$

22,270

 

 

$

20,163

 

Long-term deferred income tax liabilities

(2,618

)

(433

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net deferred income tax assets

$

19,652

 

$

19,730

 

 

 

 

 

 

 

 

 

 

Deferred income tax balances reflect the effects of temporary differences between the carrying amounts of assets and liabilities and their tax bases and are stated at enacted tax rates expected to be in effect when the taxes are paid or recovered.

As of June 30, 2024, we had federal, state, and foreign net operating loss carryforwards of $476 million, $899 million, and $2.6 billion, respectively. The federal and state net operating loss carryforwards have varying expiration dates ranging from fiscal year 2025 to 2044 or indefinite carryforward periods, if not utilized. The majority of our foreign net operating loss carryforwards do not expire. Certain acquired net operating loss carryforwards are subject to an annual limitation but are expected to be realized with the exception of those which have a valuation allowance. As of June 30, 2024, we had $456 million federal capital loss carryforwards for U.S. tax purposes from our acquisition of Nuance. The federal capital loss carryforwards are subject to an annual limitation and will expire in fiscal year 2025.

The valuation allowance disclosed in the table above relates to the foreign net operating loss carryforwards, federal capital loss carryforwards, and other net deferred tax assets that may not be realized.

Income taxes paid, net of refunds, were $23.4 billion, $23.1 billion, and $16.0 billion in fiscal years 2024, 2023, and 2022, respectively.

Uncertain Tax Positions

Gross unrecognized tax benefits related to uncertain tax positions as of June 30, 2024, 2023, and 2022, were $22.8 billion, $17.1 billion, and $15.6 billion, respectively, which were primarily included in long-term income taxes in our consolidated balance sheets. If recognized, the resulting tax benefit would affect our effective tax rates for fiscal years 2024, 2023, and 2022 by $19.6 billion, $14.4 billion, and $13.3 billion, respectively.

As of June 30, 2024, 2023, and 2022, we had accrued interest expense related to uncertain tax positions of $6.8 billion, $5.2 billion, and $4.3 billion, respectively, net of income tax benefits. The provision for income taxes for fiscal years 2024, 2023, and 2022 included interest expense related to uncertain tax positions of $1.5 billion, $918 million, and $36 million, respectively, net of income tax benefits.

The aggregate changes in the gross unrecognized tax benefits related to uncertain tax positions were as follows:

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

Beginning unrecognized tax benefits

$

17,120

$

15,593

$

14,550

Decreases related to settlements

(76

)

(329

)

(317

)

Increases for tax positions related to the current year

1,903

1,051

1,145

Increases for tax positions related to prior years (a)

4,289

870

461

Decreases for tax positions related to prior years

(464

)

(60

)

(246

)

Decreases due to lapsed statutes of limitations

(12

)

(5

)

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending unrecognized tax benefits

$

22,760

$

17,120

$

15,593

 

 

 

 

 

 

 

 

 

 

 

 

 

(a)
Fiscal year 2024 includes unrecognized tax benefits of $3.4 billion related to the acquisition of Activision Blizzard. See Note 8 – Business Combinations for further information.

We remain under audit by the IRS for tax years 2014 to 2017. With respect to the audit for tax years 2004 to 2013, on September 26, 2023, we received Notices of Proposed Adjustment (“NOPAs”) from the IRS. The primary issues in the NOPAs relate to intercompany transfer pricing. In the NOPAs, the IRS is seeking an additional tax payment of $28.9 billion plus penalties and interest. As of June 30, 2024, we believe our allowances for income tax contingencies are adequate. We disagree with the proposed adjustments and will vigorously contest the NOPAs through the IRS’s administrative appeals office and, if necessary, judicial proceedings. We do not expect a final resolution of these issues in the next 12 months. Based on the information currently available, we do not anticipate a significant increase or decrease to our income tax contingencies for these issues within the next 12 months.

We are subject to income tax in many jurisdictions outside the U.S. Our operations in certain jurisdictions remain subject to examination for tax years 1996 to 2023, some of which are currently under audit by local tax authorities. The resolution of each of these audits is not expected to be material to our consolidated financial statements.

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

Current Taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. federal

$

12,165

 

$

14,009

 

$

8,329

 

U.S. state and local

 

 

2,366

 

 

 

2,322

 

 

 

1,679

 

Foreign

 

9,858

 

 

6,678

 

 

6,672

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current taxes

$

24,389

 

 

$

23,009

 

 

$

16,680

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred Taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. federal

$

(4,791

)

 

$

(6,146

)

 

$

(4,815

)

U.S. state and local

 

 

(379

)

 

 

(477

)

 

 

(1,062

)

Foreign

 

432

 

 

 

564

 

 

 

175

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred taxes

$

(4,738

)

 

$

(6,059

)

 

$

(5,702

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Provision for income taxes

$

19,651

 

$

16,950

 

$

10,978

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

U.S.

$

62,886

 

$

52,917

 

$

47,837

 

Foreign

44,901

36,394

35,879

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income before income taxes

$

107,787

$

89,311

$

83,716

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

Federal statutory rate

21.0%

 

21.0%

 

21.0%

 

Effect of:

 

 

 

Foreign earnings taxed at lower rates

(1.4)%

 

(1.8)%

 

(1.3)%

 

Impact of intangible property transfers

 

 

0%

 

 

 

0%

 

 

 

(3.9)%

 

Foreign-derived intangible income deduction

 

 

(1.1)%

 

 

 

(1.3)%

 

 

 

(1.1)%

 

State income taxes, net of federal benefit

 

 

1.5%

 

 

 

1.6%

 

 

 

1.4%

 

Research and development credit

 

 

(1.1)%

 

 

 

(1.1)%

 

 

 

(0.9)%

 

Excess tax benefits relating to stock-based compensation

 

 

(1.1)%

 

 

 

(0.7)%

 

 

 

(1.9)%

 

Interest, net

 

 

1.1%

 

 

 

0.8%

 

 

 

0.5%

 

Other reconciling items, net

(0.7)%

 

0.5%

 

(0.7)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Effective rate

18.2%

 

19.0%

 

13.1%

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

June 30,

2024

2023

 

 

Deferred Income Tax Assets

 

 

Stock-based compensation expense

$

765

$

681

Accruals, reserves, and other expenses

4,381

3,131

Loss and credit carryforwards

1,741

1,441

Amortization

 

 

4,159

 

 

 

9,440

 

Leasing liabilities

 

 

6,504

 

 

 

5,041

 

Unearned revenue

 

 

3,717

 

 

 

3,296

 

Book/tax basis differences in investments and debt

 

 

9

 

 

 

373

 

Capitalized research and development

 

 

11,442

 

 

 

6,958

 

Other

426

489

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred income tax assets

 

33,144

 

30,850

Less valuation allowance

(1,045

)

(939

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred income tax assets, net of valuation allowance

$

32,099

$

29,911

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred Income Tax Liabilities

 

 

Leasing assets

 

$

(6,503

)

 

$

(4,680

)

Depreciation

 

 

(3,940

)

 

 

(2,674

)

Deferred tax on foreign earnings

 

 

(1,837

)

 

 

(2,738

)

Other

(167

)

(89

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred income tax liabilities

$

(12,447

)

$

(10,181

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net deferred income tax assets

$

19,652

 

$

19,730

 

 

 

 

 

 

 

 

 

 

 

Reported As

 

 

Other long-term assets

 

$

22,270

 

 

$

20,163

 

Long-term deferred income tax liabilities

(2,618

)

(433

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net deferred income tax assets

$

19,652

 

$

19,730

 

 

 

 

 

 

 

 

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

Beginning unrecognized tax benefits

$

17,120

$

15,593

$

14,550

Decreases related to settlements

(76

)

(329

)

(317

)

Increases for tax positions related to the current year

1,903

1,051

1,145

Increases for tax positions related to prior years (a)

4,289

870

461

Decreases for tax positions related to prior years

(464

)

(60

)

(246

)

Decreases due to lapsed statutes of limitations

(12

)

(5

)

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending unrecognized tax benefits

$

22,760

$

17,120

$

15,593

 

 

 

 

 

 

 

 

 

 

 

 

Name: us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_IncomeTaxDisclosureTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
UNEARNED REVENUE
12 Months Ended
Jun. 30, 2024
Revenue from Contract with Customer [Abstract]  
UNEARNED REVENUE

NOTE 13 — UNEARNED REVENUE

Unearned revenue by segment was as follows:

 

(In millions)

 

 

 

 

June 30,

2024

2023

 

 

Productivity and Business Processes

 

$

30,879

$

27,572

Intelligent Cloud

23,117

21,563

More Personal Computing

6,188

 

4,678

 

 

 

 

 

 

 

Total

$

60,184

$

53,813

 

 

 

Changes in unearned revenue were as follows:

 

(In millions)

 

 

 

 

 

Year Ended June 30, 2024

 

 

 

Balance, beginning of period

 

$

53,813

Deferral of revenue

 

148,701

Recognition of unearned revenue

 

(142,330

)

 

 

 

 

 

 

 

 

Balance, end of period

 

$

60,184

 

 

 

 

Revenue allocated to remaining performance obligations, which includes unearned revenue and amounts that will be invoiced and recognized as revenue in future periods, was $275 billion as of June 30, 2024, of which $269 billion is related to the commercial portion of revenue. We expect to recognize approximately 45% of our total company remaining performance obligation revenue over the next 12 months and the remainder thereafter.

(In millions)

 

 

 

 

June 30,

2024

2023

 

 

Productivity and Business Processes

 

$

30,879

$

27,572

Intelligent Cloud

23,117

21,563

More Personal Computing

6,188

 

4,678

 

 

 

 

 

 

 

Total

$

60,184

$

53,813

 

 

(In millions)

 

 

 

 

 

Year Ended June 30, 2024

 

 

 

Balance, beginning of period

 

$

53,813

Deferral of revenue

 

148,701

Recognition of unearned revenue

 

(142,330

)

 

 

 

 

 

 

 

 

Balance, end of period

 

$

60,184

 

 

 

Name: us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_RevenueFromContractWithCustomerTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
LEASES
12 Months Ended
Jun. 30, 2024
Leases [Abstract]  
LEASES

NOTE 14 LEASES

We have operating and finance leases for datacenters, corporate offices, research and development facilities, Microsoft Experience Centers, and certain equipment. Our leases have remaining lease terms of less than 1 year to 17 years, some of which include options to extend the leases for up to 5 years, and some of which include options to terminate the leases within 1 year.

The components of lease expense were as follows:

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

2024

 

 

2023

 

 

 

2022

 

 

 

 

 

 

 

 

 

Operating lease cost

$

3,555

 

$

2,875

 

$

2,461

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Finance lease cost:

 

 

 

 

 

 

 

 

Amortization of right-of-use assets

$

1,800

 

$

1,352

 

$

980

 

Interest on lease liabilities

734

 

 

501

 

 

429

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total finance lease cost

$

2,534

 

$

1,853

 

$

1,409

 

 

 

 

 

 

 

 

 

 

 

Supplemental cash flow information related to leases was as follows:

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

2024

 

 

2023

 

 

 

2022

 

 

 

 

 

 

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

$

3,550

 

 

$

2,706

 

 

$

2,368

 

Operating cash flows from finance leases

 

734

 

 

 

501

 

 

 

429

 

Financing cash flows from finance leases

 

1,286

 

 

 

1,056

 

 

 

896

 

 

 

 

 

 

 

 

 

 

Right-of-use assets obtained in exchange for lease obligations:

 

 

 

 

 

 

 

 

 

 

 

Operating leases

 

 

6,703

 

 

 

3,514

 

 

 

5,268

 

Finance leases

 

 

11,633

 

 

 

3,128

 

 

 

4,234

 

 

 

 

 

 

 

 

 

 

 

Supplemental balance sheet information related to leases was as follows:

 

(In millions, except lease term and discount rate)

 

 

 

 

 

 

 

 

 

June 30,

 

2024

 

2023

 

 

 

Operating Leases

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating lease right-of-use assets

 

$

18,961

 

 

$

14,346

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other current liabilities

 

$

3,580

 

 

$

2,409

 

Operating lease liabilities

 

 

15,497

 

 

 

12,728

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total operating lease liabilities

 

$

19,077

 

 

$

15,137

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Finance Leases

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Property and equipment, at cost

 

$

32,248

 

 

$

20,538

 

Accumulated depreciation

 

 

(6,386

)

 

 

(4,647

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Property and equipment, net

 

$

25,862

 

 

$

15,891

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other current liabilities

 

$

2,349

 

 

$

1,197

 

Other long-term liabilities

 

 

24,796

 

 

 

15,870

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total finance lease liabilities

 

$

27,145

 

 

$

17,067

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted Average Remaining Lease Term

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating leases

 

 

7 years

 

 

 

8 years

 

Finance leases

 

 

12 years

 

 

 

11 years

 

 

 

 

 

 

 

 

 

Weighted Average Discount Rate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating leases

 

 

3.3%

 

 

 

2.9%

 

Finance leases

 

 

3.9%

 

 

 

3.4%

 

 

 

 

 

 

 

 

 

 

The following table outlines maturities of our lease liabilities as of June 30, 2024:

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ending June 30,

Operating

 Leases

Finance

 Leases

 

 

2025

$

4,124

$

3,311

2026

3,549

3,021

2027

 

 

2,981

 

 

 

3,037

 

2028

2,405

3,026

2029

1,924

2,638

Thereafter

6,587

19,116

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total lease payments

 

21,570

34,149

Less imputed interest

(2,493

)

(7,004

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

19,077

 

$

27,145

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of June 30, 2024, we had additional operating and finance leases, primarily for datacenters, that had not yet commenced of $8.6 billion and $108.4 billion, respectively. These operating and finance leases will commence between fiscal year 2025 and fiscal year 2030 with lease terms of 1 year to 20 years.

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

2024

 

 

2023

 

 

 

2022

 

 

 

 

 

 

 

 

 

Operating lease cost

$

3,555

 

$

2,875

 

$

2,461

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Finance lease cost:

 

 

 

 

 

 

 

 

Amortization of right-of-use assets

$

1,800

 

$

1,352

 

$

980

 

Interest on lease liabilities

734

 

 

501

 

 

429

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total finance lease cost

$

2,534

 

$

1,853

 

$

1,409

 

 

 

 

 

 

 

 

 

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

2024

 

 

2023

 

 

 

2022

 

 

 

 

 

 

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

$

3,550

 

 

$

2,706

 

 

$

2,368

 

Operating cash flows from finance leases

 

734

 

 

 

501

 

 

 

429

 

Financing cash flows from finance leases

 

1,286

 

 

 

1,056

 

 

 

896

 

 

 

 

 

 

 

 

 

 

Right-of-use assets obtained in exchange for lease obligations:

 

 

 

 

 

 

 

 

 

 

 

Operating leases

 

 

6,703

 

 

 

3,514

 

 

 

5,268

 

Finance leases

 

 

11,633

 

 

 

3,128

 

 

 

4,234

 

 

 

 

 

 

 

 

 

 

(In millions, except lease term and discount rate)

 

 

 

 

 

 

 

 

 

June 30,

 

2024

 

2023

 

 

 

Operating Leases

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating lease right-of-use assets

 

$

18,961

 

 

$

14,346

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other current liabilities

 

$

3,580

 

 

$

2,409

 

Operating lease liabilities

 

 

15,497

 

 

 

12,728

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total operating lease liabilities

 

$

19,077

 

 

$

15,137

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Finance Leases

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Property and equipment, at cost

 

$

32,248

 

 

$

20,538

 

Accumulated depreciation

 

 

(6,386

)

 

 

(4,647

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Property and equipment, net

 

$

25,862

 

 

$

15,891

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other current liabilities

 

$

2,349

 

 

$

1,197

 

Other long-term liabilities

 

 

24,796

 

 

 

15,870

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total finance lease liabilities

 

$

27,145

 

 

$

17,067

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted Average Remaining Lease Term

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating leases

 

 

7 years

 

 

 

8 years

 

Finance leases

 

 

12 years

 

 

 

11 years

 

 

 

 

 

 

 

 

 

Weighted Average Discount Rate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating leases

 

 

3.3%

 

 

 

2.9%

 

Finance leases

 

 

3.9%

 

 

 

3.4%

 

 

 

 

 

 

 

 

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ending June 30,

Operating

 Leases

Finance

 Leases

 

 

2025

$

4,124

$

3,311

2026

3,549

3,021

2027

 

 

2,981

 

 

 

3,037

 

2028

2,405

3,026

2029

1,924

2,638

Thereafter

6,587

19,116

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total lease payments

 

21,570

34,149

Less imputed interest

(2,493

)

(7,004

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

19,077

 

$

27,145

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Name: msft_LesseeOperatingAndFinanceLeasesTextBlock
Namespace Prefix: msft_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
Name: us-gaap_LeasesAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
CONTINGENCIES
12 Months Ended
Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]  
CONTINGENCIES

NOTE 15 — CONTINGENCIES

U.S. Cell Phone Litigation

Microsoft Mobile Oy, a subsidiary of Microsoft, along with other handset manufacturers and network operators, is a defendant in 45 lawsuits filed in the Superior Court for the District of Columbia by individual plaintiffs who allege that radio emissions from cellular handsets caused their brain tumors and other adverse health effects. We assumed responsibility for these claims in our agreement to acquire Nokia’s Devices and Services business and have been substituted for the Nokia defendants. Twelve of these cases were consolidated for certain pre-trial proceedings; the remaining cases are stayed. In a separate 2009 decision, the Court of Appeals for the District of Columbia held that adverse health effect claims arising from the use of cellular handsets that operate within the U.S. Federal Communications Commission radio frequency emission guidelines (“FCC Guidelines”) are pre-empted by federal law. The plaintiffs allege that their handsets either operated outside the FCC Guidelines or were manufactured before the FCC Guidelines went into effect. The lawsuits also allege an industry-wide conspiracy to manipulate the science and testing around emission guidelines.

In 2013, the defendants in the consolidated cases moved to exclude the plaintiffs’ expert evidence of general causation on the basis of flawed scientific methodologies. In 2014, the trial court granted in part and denied in part the defendants’ motion to exclude the plaintiffs’ general causation experts. The defendants filed an interlocutory appeal to the District of Columbia Court of Appeals challenging the standard for evaluating expert scientific evidence. In October 2016, the Court of Appeals issued its decision adopting the standard advocated by the defendants and remanding the cases to the trial court for further proceedings under that standard. The plaintiffs have filed supplemental expert evidence, portions of which were stricken by the court. A hearing on general causation took place in September of 2022. In April of 2023, the court granted defendants’ motion to strike the testimony of plaintiffs’ experts that cell phones cause brain cancer and entered an order excluding all of plaintiffs’ experts from testifying. The parties agreed to a stipulated dismissal of the consolidated cases to allow plaintiffs to appeal the expert testimony order. Plaintiffs appealed the court’s order in August of 2023, and the parties have filed their briefs on the appeal. A hearing on the status of the stayed cases occurred in December of 2023. In July 2024, the court entered summary judgment in nine of the stayed cases on the grounds that plaintiffs had agreed to be bound by the general causation outcome in the consolidated cases.

Irish Data Protection Commission Matter

In 2018, the Irish Data Protection Commission (“IDPC”) began investigating a complaint against LinkedIn as to whether LinkedIn’s targeted advertising practices violated the recently implemented European Union General Data Protection Regulation (“GDPR”). Microsoft cooperated throughout the period of inquiry. In April 2023, the IDPC provided LinkedIn with a non-public preliminary draft decision alleging GDPR violations and proposing a fine. In July 2024, the IDPC provided LinkedIn with a revised non-public draft decision. There is no set timeline for the IDPC to issue a final decision, at which time Microsoft will consider its options to appeal.

Other Contingencies

We also are subject to a variety of other claims and suits that arise from time to time in the ordinary course of our business. Although management currently believes that resolving claims against us, individually or in aggregate, will not have a material adverse impact in our consolidated financial statements, these matters are subject to inherent uncertainties and management’s view of these matters may change in the future.

As of June 30, 2024, we accrued aggregate legal liabilities of $641 million. While we intend to defend these matters vigorously, adverse outcomes that we estimate could reach approximately $600 million in aggregate beyond recorded amounts are reasonably possible. Were unfavorable final outcomes to occur, there exists the possibility of a material adverse impact in our consolidated financial statements for the period in which the effects become reasonably estimable.

Name: us-gaap_CommitmentsAndContingenciesDisclosureAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_LegalMattersAndContingenciesTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
STOCKHOLDERS' EQUITY
12 Months Ended
Jun. 30, 2024
Equity [Abstract]  
STOCKHOLDERS' EQUITY

NOTE 16 STOCKHOLDERS’ EQUITY

Shares Outstanding

Shares of common stock outstanding were as follows:

 

(In millions)

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

Balance, beginning of year

7,432

7,464

7,519

Issued

34

37

40

Repurchased

(32

)

(69

)

(95

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, end of year

7,434

7,432

7,464

 

 

 

 

 

 

 

 

 

Share Repurchases

On September 18, 2019, our Board of Directors approved a share repurchase program authorizing up to $40.0 billion in share repurchases. This share repurchase program commenced in February 2020 and was completed in November 2021.

On September 14, 2021, our Board of Directors approved a share repurchase program authorizing up to $60.0 billion in share repurchases. This share repurchase program commenced in November 2021, following completion of the program approved on September 18, 2019, has no expiration date, and may be terminated at any time. As of June 30, 2024, $10.3 billion remained of this $60.0 billion share repurchase program.

We repurchased the following shares of common stock under the share repurchase programs:

 

(In millions)

Shares

Amount

Shares

Amount

 

Shares

 

Amount

 

 

 

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

 

 

 

 

First Quarter

11

 

$

3,560

17

 

$

4,600

21

 

$

6,200

Second Quarter

7

 

 

2,800

20

 

 

4,600

20

 

 

6,233

Third Quarter

7

 

 

2,800

 

18

 

 

4,600

 

26

 

 

7,800

 

Fourth Quarter

7

2,800

 

14

4,600

 

28

7,800

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

32

$

11,960

69

$

18,400

95

$

28,033

 

 

 

 

 

 

 

All repurchases were made using cash resources. Shares repurchased during the first quarter of fiscal year 2022 were under the share repurchase program approved on September 18, 2019. Shares repurchased during the second quarter of fiscal year 2022 were under the share repurchase programs approved on September 18, 2019 and September 14, 2021. All other shares repurchased were under the share repurchase program approved on September 14, 2021. The above table excludes shares repurchased to settle employee tax withholding related to the vesting of stock awards of $5.3 billion, $3.8 billion, and $4.7 billion for fiscal years 2024, 2023, and 2022, respectively.

Dividends

Our Board of Directors declared the following dividends:

 

Declaration Date

Record Date

 

 

Payment Date

 

Dividend

Per Share

 

 

Amount

 

 

 

Fiscal Year 2024

 

 

 

 

 

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 19, 2023

 

 

November 16, 2023

 

 

 

December 14, 2023

 

 

$

0.75

 

 

$

5,574

 

November 28, 2023

 

 

February 15, 2024

 

 

 

March 14, 2024

 

 

 

0.75

 

 

 

5,573

 

March 12, 2024

 

 

May 16, 2024

 

 

 

June 13, 2024

 

 

 

0.75

 

 

 

5,574

 

June 12, 2024

 

 

August 15, 2024

 

 

 

September 12, 2024

 

 

 

0.75

 

 

 

5,575

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

$

3.00

 

 

$

22,296

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 20, 2022

 

November 17, 2022

December 8, 2022

$

0.68

$

5,066

November 29, 2022

 

 

February 16, 2023

 

 

 

March 9, 2023

 

 

 

0.68

 

 

 

5,059

 

March 14, 2023

 

 

May 18, 2023

 

 

 

June 8, 2023

 

 

 

0.68

 

 

 

5,054

 

June 13, 2023

 

 

August 17, 2023

 

 

 

September 14, 2023

 

 

 

0.68

 

 

 

5,051

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

$

2.72

 

 

$

20,230

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The dividend declared on June 12, 2024 was included in other current liabilities as of June 30, 2024.

(In millions)

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

Balance, beginning of year

7,432

7,464

7,519

Issued

34

37

40

Repurchased

(32

)

(69

)

(95

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, end of year

7,434

7,432

7,464

 

 

 

 

 

 

 

 

(In millions)

Shares

Amount

Shares

Amount

 

Shares

 

Amount

 

 

 

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

 

 

 

 

First Quarter

11

 

$

3,560

17

 

$

4,600

21

 

$

6,200

Second Quarter

7

 

 

2,800

20

 

 

4,600

20

 

 

6,233

Third Quarter

7

 

 

2,800

 

18

 

 

4,600

 

26

 

 

7,800

 

Fourth Quarter

7

2,800

 

14

4,600

 

28

7,800

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

32

$

11,960

69

$

18,400

95

$

28,033

 

 

 

 

 

 

Declaration Date

Record Date

 

 

Payment Date

 

Dividend

Per Share

 

 

Amount

 

 

 

Fiscal Year 2024

 

 

 

 

 

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 19, 2023

 

 

November 16, 2023

 

 

 

December 14, 2023

 

 

$

0.75

 

 

$

5,574

 

November 28, 2023

 

 

February 15, 2024

 

 

 

March 14, 2024

 

 

 

0.75

 

 

 

5,573

 

March 12, 2024

 

 

May 16, 2024

 

 

 

June 13, 2024

 

 

 

0.75

 

 

 

5,574

 

June 12, 2024

 

 

August 15, 2024

 

 

 

September 12, 2024

 

 

 

0.75

 

 

 

5,575

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

$

3.00

 

 

$

22,296

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 20, 2022

 

November 17, 2022

December 8, 2022

$

0.68

$

5,066

November 29, 2022

 

 

February 16, 2023

 

 

 

March 9, 2023

 

 

 

0.68

 

 

 

5,059

 

March 14, 2023

 

 

May 18, 2023

 

 

 

June 8, 2023

 

 

 

0.68

 

 

 

5,054

 

June 13, 2023

 

 

August 17, 2023

 

 

 

September 14, 2023

 

 

 

0.68

 

 

 

5,051

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

$

2.72

 

 

$

20,230

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Name: us-gaap_EquityAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_StockholdersEquityNoteDisclosureTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
12 Months Ended
Jun. 30, 2024
Equity [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

NOTE 17 — ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following table summarizes the changes in accumulated other comprehensive income (loss) by component:

 

(In millions)

 

 

 

 

 

 

Year Ended June 30,

 

2024

2023

2022

 

 

 

Derivatives

 

 

 

 

Balance, beginning of period

 

$

(27

)

 

$

(13

)

$

(19

)

Unrealized gains (losses), net of tax of $(4), $9, and $(15)

 

(14

)

34

 

(57

)

Reclassification adjustments for (gains) losses included in other income (expense), net

 

 

48

 

 

 

(61

)

 

 

79

 

Tax expense (benefit) included in provision for income taxes

 

 

(10

)

 

 

13

 

 

 

(16

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amounts reclassified from accumulated other comprehensive loss

 

38

 

(48

)

63

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net change related to derivatives, net of tax of $6, $(4), and $1

 

24

 

(14

)

6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, end of period

 

$

(3

)

 

$

(27

)

$

(13

)

 

 

 

 

 

 

 

Investments

 

 

 

 

Balance, beginning of period

 

$

(3,582

)

$

(2,138

)

$

3,222

Unrealized gains (losses), net of tax of $247, $(393), and $(1,440)

 

915

 

(1,523

)

(5,405

)

Reclassification adjustments for losses included in other income (expense), net

 

 

53

 

 

 

99

 

 

 

57

 

Tax benefit included in provision for income taxes

 

 

(11

)

 

 

(20

)

 

 

(12

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Amounts reclassified from accumulated other comprehensive loss

 

 

42

 

79

 

45

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net change related to investments, net of tax of $258, $(373), and $(1,428)

 

 

957

 

(1,444

)

(5,360

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, end of period

 

$

(2,625

)

$

(3,582

)

$

(2,138

)

 

 

 

 

 

 

 

Translation Adjustments and Other

 

 

 

 

Balance, beginning of period

 

$

(2,734

)

$

(2,527

)

$

(1,381

)

Translation adjustments and other, net of tax of $0, $0, and $0

 

 

(228

)

(207

)

(1,146

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, end of period

 

$

(2,962

)

$

(2,734

)

$

(2,527

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated other comprehensive loss, end of period

 

$

(5,590

)

$

(6,343

)

$

(4,678

)

 

 

 

 

(In millions)

 

 

 

 

 

 

Year Ended June 30,

 

2024

2023

2022

 

 

 

Derivatives

 

 

 

 

Balance, beginning of period

 

$

(27

)

 

$

(13

)

$

(19

)

Unrealized gains (losses), net of tax of $(4), $9, and $(15)

 

(14

)

34

 

(57

)

Reclassification adjustments for (gains) losses included in other income (expense), net

 

 

48

 

 

 

(61

)

 

 

79

 

Tax expense (benefit) included in provision for income taxes

 

 

(10

)

 

 

13

 

 

 

(16

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amounts reclassified from accumulated other comprehensive loss

 

38

 

(48

)

63

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net change related to derivatives, net of tax of $6, $(4), and $1

 

24

 

(14

)

6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, end of period

 

$

(3

)

 

$

(27

)

$

(13

)

 

 

 

 

 

 

 

Investments

 

 

 

 

Balance, beginning of period

 

$

(3,582

)

$

(2,138

)

$

3,222

Unrealized gains (losses), net of tax of $247, $(393), and $(1,440)

 

915

 

(1,523

)

(5,405

)

Reclassification adjustments for losses included in other income (expense), net

 

 

53

 

 

 

99

 

 

 

57

 

Tax benefit included in provision for income taxes

 

 

(11

)

 

 

(20

)

 

 

(12

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Amounts reclassified from accumulated other comprehensive loss

 

 

42

 

79

 

45

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net change related to investments, net of tax of $258, $(373), and $(1,428)

 

 

957

 

(1,444

)

(5,360

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, end of period

 

$

(2,625

)

$

(3,582

)

$

(2,138

)

 

 

 

 

 

 

 

Translation Adjustments and Other

 

 

 

 

Balance, beginning of period

 

$

(2,734

)

$

(2,527

)

$

(1,381

)

Translation adjustments and other, net of tax of $0, $0, and $0

 

 

(228

)

(207

)

(1,146

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, end of period

 

$

(2,962

)

$

(2,734

)

$

(2,527

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated other comprehensive loss, end of period

 

$

(5,590

)

$

(6,343

)

$

(4,678

)

 

 

 

 

Name: us-gaap_ComprehensiveIncomeNoteTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
Name: us-gaap_EquityAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
EMPLOYEE STOCK AND SAVINGS PLANS
12 Months Ended
Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]  
EMPLOYEE STOCK AND SAVINGS PLANS

NOTE 18 — EMPLOYEE STOCK AND SAVINGS PLANS

We grant stock-based compensation to employees and directors. Awards that expire or are canceled without delivery of shares generally become available for issuance under the plans. We issue new shares of Microsoft common stock to satisfy vesting of awards granted under our stock plans. We also have an ESPP for all eligible employees.

Stock-based compensation expense and related income tax benefits were as follows:

 

(In millions)

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

Stock-based compensation expense

$

10,734

$

9,611

$

7,502

Income tax benefits related to stock-based compensation

 

1,826

 

1,651

 

1,293

 

Stock Plans

Stock awards entitle the holder to receive shares of Microsoft common stock as the award vests. Stock awards generally vest over a service period of four years or five years.

Executive Incentive Plan

Under the Executive Incentive Plan, the Compensation Committee approves stock awards to executive officers and certain senior executives. RSUs generally vest ratably over a service period of four years. PSUs generally vest over a performance period of three years. The number of shares the PSU holder receives is based on the extent to which the corresponding performance goals have been achieved.

Activity for All Stock Plans

The fair value of stock awards was estimated on the date of grant using the following assumptions:

 

 

 

 

 

 

 

Year ended June 30,

 

 

 

 

2024

 

 

 

 

2023

 

 

 

 

2022

 

 

 

 

 

Dividends per share (quarterly amounts)

$

0.68 – 0.75

 

$

0.62 – 0.68

$

0.56 – 0.62

Interest rates

3.8% – 5.6%

2.0% – 5.4%

0.03% – 3.6%

 

 

 

During fiscal year 2024, the following activity occurred under our stock plans:

 

Shares

Weighted Average

Grant-Date Fair

Value

 

 

(In millions)

Stock Awards

 

 

Nonvested balance, beginning of year

 

 

96

 

 

$

250.37

 

Granted (a)

41

 

339.46

Vested

(42

)

 

246.71

Forfeited

(7

)

 

270.59

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nonvested balance, end of year

88

$

292.28

 

 

 

 

(a)
Includes 1 million of PSUs granted at target and performance adjustments above target levels for each of the fiscal years 2024, 2023, and 2022.

 

As of June 30, 2024, total unrecognized compensation costs related to stock awards were $20.3 billion. These costs are expected to be recognized over a weighted average period of three years. The weighted average grant-date fair value of stock awards granted was $339.46, $252.59, and $291.22 for fiscal years 2024, 2023, and 2022, respectively. The fair value of stock awards vested was $16.0 billion, $11.9 billion, and $14.1 billion, for fiscal years 2024, 2023, and 2022, respectively. As of June 30, 2024, an aggregate of 129 million shares were authorized for future grant under our stock plans.

Employee Stock Purchase Plan

We have an ESPP for all eligible employees. Shares of our common stock may be purchased by employees at three-month intervals at 90% of the fair market value on the last trading day of each three-month period. Employees may purchase shares having a value not exceeding 15% of their gross compensation during an offering period.

Employees purchased the following shares during the periods presented:

 

(Shares in millions)

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

Shares purchased

6

7

7

Average price per share

$

339.46

$

245.59

$

259.55

 

 

As of June 30, 2024, 68 million shares of our common stock were reserved for future issuance through the ESPP.

Savings Plans

We have savings plans in the U.S. that qualify under Section 401(k) of the Internal Revenue Code, and a number of savings plans in international locations. Eligible U.S. employees may contribute a portion of their salary into the savings plans, subject to certain limitations. We match a portion of each dollar a participant contributes into the plans. Employer-funded retirement benefits for all plans were $1.7 billion, $1.6 billion, and $1.4 billion in fiscal years 2024, 2023, and 2022, respectively, and were expensed as contributed.

(In millions)

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

Stock-based compensation expense

$

10,734

$

9,611

$

7,502

Income tax benefits related to stock-based compensation

 

1,826

 

1,651

 

1,293

 

 

 

 

 

 

 

Year ended June 30,

 

 

 

 

2024

 

 

 

 

2023

 

 

 

 

2022

 

 

 

 

 

Dividends per share (quarterly amounts)

$

0.68 – 0.75

 

$

0.62 – 0.68

$

0.56 – 0.62

Interest rates

3.8% – 5.6%

2.0% – 5.4%

0.03% – 3.6%

 

 

Shares

Weighted Average

Grant-Date Fair

Value

 

 

(In millions)

Stock Awards

 

 

Nonvested balance, beginning of year

 

 

96

 

 

$

250.37

 

Granted (a)

41

 

339.46

Vested

(42

)

 

246.71

Forfeited

(7

)

 

270.59

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nonvested balance, end of year

88

$

292.28

 

 

 

(Shares in millions)

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

Shares purchased

6

7

7

Average price per share

$

339.46

$

245.59

$

259.55

 

Name: us-gaap_CompensationAndEmployeeBenefitPlansTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
Name: us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
SEGMENT INFORMATION AND GEOGRAPHIC DATA
12 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
SEGMENT INFORMATION AND GEOGRAPHIC DATA

NOTE 19 SEGMENT INFORMATION AND GEOGRAPHIC DATA

In its operation of the business, management, including our chief operating decision maker, who is also our Chief Executive Officer, reviews certain financial information, including segmented internal profit and loss statements prepared on a basis not consistent with GAAP. During the periods presented, we reported our financial performance based on the following segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing.

Our reportable segments are described below.

Productivity and Business Processes

Our Productivity and Business Processes segment consists of products and services in our portfolio of productivity, communication, and information services, spanning a variety of devices and platforms. This segment primarily comprises:

Office Commercial (Office 365 subscriptions, the Office 365 portion of Microsoft 365 Commercial subscriptions, and Office licensed on-premises), comprising Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Copilot for Microsoft 365.
Office Consumer, including Microsoft 365 Consumer and Copilot Pro subscriptions, Office licensed on-premises, and other Office services.
LinkedIn, including Talent Solutions, Marketing Solutions, Premium Subscriptions, and Sales Solutions.
Dynamics business solutions, including Dynamics 365, comprising a set of intelligent, cloud-based applications across ERP, CRM, Power Apps, and Power Automate; and on-premises ERP and CRM applications.

Intelligent Cloud

Our Intelligent Cloud segment consists of our public, private, and hybrid server products and cloud services that can power modern business and developers. This segment primarily comprises:

Server products and cloud services, including Azure and other cloud services; SQL Server, Windows Server, Visual Studio, System Center, and related Client Access Licenses (“CALs”); and Nuance and GitHub.
Enterprise and partner services, including Enterprise Support Services, Industry Solutions, Nuance professional services, Microsoft Partner Network, and Learning Experience.

More Personal Computing

Our More Personal Computing segment consists of products and services that put customers at the center of the experience with our technology. This segment primarily comprises:

Windows, including Windows OEM licensing and other non-volume licensing of the Windows operating system; Windows Commercial, comprising volume licensing of the Windows operating system, Windows cloud services, and other Windows commercial offerings; patent licensing; and Windows Internet of Things.
Devices, including Surface, HoloLens, and PC accessories.
Gaming, including Xbox hardware and Xbox content and services, comprising first-party content (such as Activision Blizzard) and third-party content, including games and in-game content; Xbox Game Pass and other subscriptions; Xbox Cloud Gaming; advertising; third-party disc royalties; and other cloud services.
Search and news advertising, comprising Bing (including Copilot), Microsoft News, Microsoft Edge, and third-party affiliates.

Revenue and costs are generally directly attributed to our segments. However, due to the integrated structure of our business, certain revenue recognized and costs incurred by one segment may benefit other segments. Revenue from certain contracts is allocated among the segments based on the relative value of the underlying products and services, which can include allocation based on actual prices charged, prices when sold separately, or estimated costs plus a profit margin. Cost of revenue is allocated in certain cases based on a relative revenue methodology. Operating expenses that are allocated primarily include those relating to marketing of products and services from which multiple segments benefit and are generally allocated based on relative gross margin.

In addition, certain costs are incurred at a corporate level and allocated to our segments. These allocated costs generally include legal, including settlements and fines, information technology, human resources, finance, excise taxes, field selling, shared facilities services, customer service and support, and severance incurred as part of a corporate program. Each allocation is measured differently based on the specific facts and circumstances of the costs being allocated and is generally based on relative gross margin or relative headcount.

Segment revenue and operating income were as follows during the periods presented:

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

 

 

2024

 

 

 

2023

 

 

 

2022

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Productivity and Business Processes

 

$

77,728

 

 

$

69,274

 

 

$

63,364

 

Intelligent Cloud

 

 

105,362

 

 

 

87,907

 

 

 

74,965

 

More Personal Computing

 

 

62,032

 

 

 

54,734

 

 

 

59,941

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

245,122

 

 

$

211,915

 

 

$

198,270

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Productivity and Business Processes

$

40,540

 

$

34,189

 

$

29,690

 

Intelligent Cloud

 

49,584

37,884

 

33,203

More Personal Computing

 

19,309

 

 

16,450

 

 

20,490

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

109,433

 

$

88,523

 

$

83,383

 

 

 

 

 

No sales to an individual customer or country other than the United States accounted for more than 10% of revenue for fiscal years 2024, 2023, or 2022. Revenue, classified by the major geographic areas in which our customers were located, was as follows:

 

(In millions)

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

United States (a)

$

124,704

$

106,744

$

100,218

Other countries

120,418

105,171

98,052

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

245,122

$

211,915

$

198,270

 

 

 

 

(a)
Includes billings to OEMs and certain multinational organizations because of the nature of these businesses and the impracticability of determining the geographic source of the revenue.

Revenue, classified by significant product and service offerings, was as follows:

 

(In millions)

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

Server products and cloud services

 

$

97,726

$

79,970

$

67,350

Office products and cloud services

54,875

 

48,848

44,970

Windows

23,244

21,507

24,732

Gaming

21,503

 

15,466

 

16,230

LinkedIn

 

16,372

 

 

14,989

 

13,631

Search and news advertising

12,576

 

12,158

 

11,526

Enterprise and partner services

 

 

7,594

 

 

 

7,900

 

 

 

7,605

 

Dynamics products and cloud services

 

 

6,481

 

 

 

5,437

 

 

 

4,687

 

Devices

4,706

5,521

7,306

Other

 

 

45

 

 

 

119

 

 

 

233

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

245,122

$

211,915

$

198,270

 

 

 

 

 

 

 

 

 

 

 

 

 

We have recast certain prior period amounts to conform to the way we internally manage and monitor our business.

Our Microsoft Cloud revenue, which includes Azure and other cloud services, Office 365 Commercial, the commercial portion of LinkedIn, Dynamics 365, and other commercial cloud properties, was $137.4 billion, $111.6 billion, and $91.4 billion in fiscal years 2024, 2023, and 2022, respectively. These amounts are primarily included in Server products and cloud services, Office products and cloud services, LinkedIn, and Dynamics products and cloud services in the table above.

Assets are not allocated to segments for internal reporting presentations. A portion of amortization and depreciation is included with various other costs in an overhead allocation to each segment. It is impracticable for us to separately identify the amount of amortization and depreciation by segment that is included in the measure of segment profit or loss.

Long-lived assets, excluding financial instruments and tax assets, classified by the location of the controlling statutory company and with countries over 10% of the total shown separately, were as follows:

 

(In millions)

 

 

 

 

 

June 30,

2024

2023

2022

 

 

 

United States

$

186,106

$

114,380

$

106,430

Other countries

115,263

72,859

59,938

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

301,369

$

187,239

$

166,368

 

 

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

 

 

2024

 

 

 

2023

 

 

 

2022

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Productivity and Business Processes

 

$

77,728

 

 

$

69,274

 

 

$

63,364

 

Intelligent Cloud

 

 

105,362

 

 

 

87,907

 

 

 

74,965

 

More Personal Computing

 

 

62,032

 

 

 

54,734

 

 

 

59,941

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

245,122

 

 

$

211,915

 

 

$

198,270

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Productivity and Business Processes

$

40,540

 

$

34,189

 

$

29,690

 

Intelligent Cloud

 

49,584

37,884

 

33,203

More Personal Computing

 

19,309

 

 

16,450

 

 

20,490

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

109,433

 

$

88,523

 

$

83,383

 

 

 

 

(In millions)

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

United States (a)

$

124,704

$

106,744

$

100,218

Other countries

120,418

105,171

98,052

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

245,122

$

211,915

$

198,270

 

 

 

(In millions)

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

Server products and cloud services

 

$

97,726

$

79,970

$

67,350

Office products and cloud services

54,875

 

48,848

44,970

Windows

23,244

21,507

24,732

Gaming

21,503

 

15,466

 

16,230

LinkedIn

 

16,372

 

 

14,989

 

13,631

Search and news advertising

12,576

 

12,158

 

11,526

Enterprise and partner services

 

 

7,594

 

 

 

7,900

 

 

 

7,605

 

Dynamics products and cloud services

 

 

6,481

 

 

 

5,437

 

 

 

4,687

 

Devices

4,706

5,521

7,306

Other

 

 

45

 

 

 

119

 

 

 

233

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

245,122

$

211,915

$

198,270

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

 

 

 

 

 

June 30,

2024

2023

2022

 

 

 

United States

$

186,106

$

114,380

$

106,430

Other countries

115,263

72,859

59,938

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

301,369

$

187,239

$

166,368

 

 

 

Name: us-gaap_SegmentReportingAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
ACCOUNTING POLICIES (Policies)
12 Months Ended
Jun. 30, 2024
Accounting Policies [Abstract]  
Accounting Principles

Accounting Principles

Our consolidated financial statements and accompanying notes are prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”).

We have recast certain prior period amounts to conform to the current period presentation. The recast of these prior period amounts had no impact on our consolidated balance sheets, consolidated income statements, or consolidated cash flows statements.
Principles of Consolidation

Principles of Consolidation

The consolidated financial statements include the accounts of Microsoft Corporation and its subsidiaries. Intercompany transactions and balances have been eliminated.

Estimates and Assumptions

Estimates and Assumptions

Preparing financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses. Examples of estimates and assumptions include: for revenue recognition, determining the nature and timing of satisfaction of performance obligations, and determining the standalone selling price (“SSP”) of performance obligations, variable consideration, and other obligations such as product returns and refunds; loss contingencies; product warranties; the fair value of and/or potential impairment of goodwill and intangible assets for our reporting units; product life cycles; useful lives of our tangible and intangible assets; allowances for doubtful accounts; the market value of, and demand for, our inventory; stock-based compensation forfeiture rates; when technological feasibility is achieved for our products; the potential outcome of uncertain tax positions that have been recognized in our consolidated financial statements or tax returns; and determining the timing and amount of impairments for investments. Actual results and outcomes may differ from management’s estimates and assumptions due to risks and uncertainties.

In July 2022, we completed an assessment of the useful lives of our server and network equipment. Due to investments in software that increased efficiencies in how we operate our server and network equipment, as well as advances in technology, we determined we should increase the estimated useful lives of both server and network equipment from four years to six years. This change in accounting estimate was effective beginning fiscal year 2023.

Foreign Currencies

Foreign Currencies

Assets and liabilities recorded in foreign currencies are translated at the exchange rate on the balance sheet date. Revenue and expenses are translated at average rates of exchange prevailing during the year. Translation adjustments resulting from this process are recorded to other comprehensive income.

Revenue

Revenue

Product Revenue and Service and Other Revenue

Product revenue includes sales from operating systems, cross-device productivity and collaboration applications, server applications, business solution applications, desktop and server management tools, software development tools, video games, and hardware such as PCs, tablets, gaming and entertainment consoles, other intelligent devices, and related accessories.

Service and other revenue includes sales from cloud-based solutions that provide customers with software, services, platforms, and content such as Office 365, Azure, Dynamics 365, and gaming; solution support; and consulting services. Service and other revenue also includes sales from online advertising and LinkedIn.

Revenue Recognition

Revenue is recognized upon transfer of control of promised products or services to customers in an amount that reflects the consideration we expect to receive in exchange for those products or services. We enter into contracts that can include various combinations of products and services, which are generally capable of being distinct and accounted for as separate performance obligations. Revenue is recognized net of allowances for returns and any taxes collected from customers, which are subsequently remitted to governmental authorities.

Nature of Products and Services

Licenses for on-premises software provide the customer with a right to use the software as it exists when made available to the customer. Customers may purchase perpetual licenses or subscribe to licenses, which provide customers with the same functionality and differ mainly in the duration over which the customer benefits from the software. Revenue from distinct on-premises licenses is recognized upfront at the point in time when the software is made available to the customer. In cases where we allocate revenue to software updates, primarily because the updates are provided at no additional charge, revenue is recognized as the updates are provided, which is generally ratably over the estimated life of the related device or license.

Certain volume licensing programs, including Enterprise Agreements, include on-premises licenses combined with Software Assurance (“SA”). SA conveys rights to new software and upgrades released over the contract period and provides support, tools, and training to help customers deploy and use products more efficiently. On-premises licenses are considered distinct performance obligations when sold with SA. Revenue allocated to SA is generally recognized ratably over the contract period as customers simultaneously consume and receive benefits, given that SA comprises distinct performance obligations that are satisfied over time.

Cloud services, which allow customers to use hosted software over the contract period without taking possession of the software, are provided on either a subscription or consumption basis. Revenue related to cloud services provided on a subscription basis is recognized ratably over the contract period. Revenue related to cloud services provided on a consumption basis, such as the amount of storage used in a period, is recognized based on the customer utilization of such resources. When cloud services require a significant level of integration and interdependency with software and the individual components are not considered distinct, all revenue is recognized over the period in which the cloud services are provided.

Revenue from search advertising is recognized when the advertisement appears in the search results or when the action necessary to earn the revenue has been completed. Revenue from consulting services is recognized as services are provided.

Our hardware is generally highly dependent on, and interrelated with, the underlying operating system and cannot function without the operating system. In these cases, the hardware and software license are accounted for as a single performance obligation and revenue is recognized at the point in time when ownership is transferred to resellers or directly to end customers through retail stores and online marketplaces.

Refer to Note 19 – Segment Information and Geographic Data for further information, including revenue by significant product and service offering.

Significant Judgments

Our contracts with customers often include promises to transfer multiple products and services to a customer. Determining whether products and services are considered distinct performance obligations that should be accounted for separately versus together may require significant judgment. When a cloud-based service includes both on-premises software licenses and cloud services, judgment is required to determine whether the software license is considered distinct and accounted for separately, or not distinct and accounted for together with the cloud service and recognized over time. Certain cloud services, primarily Office 365, depend on a significant level of integration, interdependency, and interrelation between the desktop applications and cloud services, and are accounted for together as one performance obligation. Revenue from Office 365 is recognized ratably over the period in which the cloud services are provided.

Judgment is required to determine the SSP for each distinct performance obligation. We use a single amount to estimate SSP for items that are not sold separately, including on-premises licenses sold with SA or software updates provided at no additional charge. We use a range of amounts to estimate SSP when we sell each of the products and services separately and need to determine whether there is a discount to be allocated based on the relative SSP of the various products and services.

In instances where SSP is not directly observable, such as when we do not sell the product or service separately, we determine the SSP using information that may include market conditions and other observable inputs. We typically have more than one SSP for individual products and services due to the stratification of those products and services by customers and circumstances. In these instances, we may use information such as the size of the customer and geographic region in determining the SSP.

Due to the various benefits from and the nature of our SA program, judgment is required to assess the pattern of delivery, including the exercise pattern of certain benefits across our portfolio of customers.

Our products are generally sold with a right of return, we may provide other credits or incentives, and in certain instances we estimate customer usage of our products and services, which are accounted for as variable consideration when determining the amount of revenue to recognize. Returns and credits are estimated at contract inception and updated at the end of each reporting period if additional information becomes available. Changes to our estimated variable consideration were not material for the periods presented.

Contract Balances and Other Receivables

Timing of revenue recognition may differ from the timing of invoicing to customers. We record a receivable when revenue is recognized prior to invoicing, or unearned revenue when revenue is recognized subsequent to invoicing. For multi-year agreements, we generally invoice customers annually at the beginning of each annual coverage period. We record a receivable related to revenue recognized for multi-year on-premises licenses as we have an unconditional right to invoice and receive payment in the future related to those licenses.

Unearned revenue comprises mainly unearned revenue related to volume licensing programs, which may include SA and cloud services. Unearned revenue is generally invoiced annually at the beginning of each contract period for multi-year agreements and recognized ratably over the coverage period. Unearned revenue also includes payments for consulting services to be performed in the future, LinkedIn subscriptions, Office 365 subscriptions, Xbox subscriptions, Windows post-delivery support, Dynamics business solutions, and other offerings for which we have been paid in advance and earn the revenue when we transfer control of the product or service.

Refer to Note 13 – Unearned Revenue for further information, including unearned revenue by segment and changes in unearned revenue during the period.

Payment terms and conditions vary by contract type, although terms generally include a requirement of payment within 30 to 60 days. In instances where the timing of revenue recognition differs from the timing of invoicing, we have determined our contracts generally do not include a significant financing component. The primary purpose of our invoicing terms is to provide customers with simplified and predictable ways of purchasing our products and services, not to receive financing from our customers or to provide customers with financing. Examples include invoicing at the beginning of a subscription term with revenue recognized ratably over the contract period, and multi-year on-premises licenses that are invoiced annually with revenue recognized upfront.

As of June 30, 2024 and 2023, long-term accounts receivable, net of allowance for doubtful accounts, was $4.9 billion and $4.5 billion, respectively, and is included in other long-term assets in our consolidated balance sheets.

The allowance for doubtful accounts reflects our best estimate of probable losses inherent in the accounts receivable balance. We determine the allowance based on known troubled accounts, historical experience, and other currently available evidence.

Activity in the allowance for doubtful accounts was as follows:

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

 

 

2024

 

 

2023

 

 

2022

 

 

 

 

 

 

 

 

 

Balance, beginning of period

$

716

 

$

710

 

$

798

Charged to costs and other

386

258

 

157

Write-offs

(218

)

(252

)

 

(245

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, end of period

$

884

 

$

716

 

$

710

 

 

 

 

 

 

 

 

 

 

Allowance for doubtful accounts included in our consolidated balance sheets:

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30,

 

 

2024

 

 

2023

 

 

2022

 

 

 

 

 

 

 

 

 

Accounts receivable, net of allowance for doubtful accounts

$

830

 

$

650

 

$

633

Other long-term assets

54

 

 

66

 

 

77

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

884

 

$

716

 

$

710

 

 

 

 

 

 

 

 

 

 

As of June 30, 2024 and 2023, other receivables related to activities to facilitate the purchase of server components were $10.5 billion and $9.2 billion, respectively, and are included in other current assets in our consolidated balance sheets.

We record financing receivables when we offer certain customers the option to acquire our software products and services offerings through a financing program in a limited number of countries. As of June 30, 2024 and 2023, our financing receivables, net were $4.5 billion and $5.3 billion, respectively, for short-term and long-term financing receivables, which are included in other current assets and other long-term assets in our consolidated balance sheets. We record an allowance to cover expected losses based on troubled accounts, historical experience, and other currently available evidence.

Assets Recognized from Costs to Obtain a Contract with a Customer

We recognize an asset for the incremental costs of obtaining a contract with a customer if we expect the benefit of those costs to be longer than one year. We have determined that certain sales incentive programs meet the requirements to be capitalized. Total capitalized costs to obtain a contract were immaterial during the periods presented and are included in other current and long-term assets in our consolidated balance sheets.

We apply a practical expedient to expense costs as incurred for costs to obtain a contract with a customer when the amortization period would have been one year or less. These costs include our internal sales organization compensation program and certain partner sales incentive programs as we have determined annual compensation is commensurate with annual sales activities.

Cost of Revenue

Cost of Revenue

Cost of revenue includes: manufacturing and distribution costs for products sold and programs licensed; operating costs related to product support service centers and product distribution centers; costs incurred to include software on PCs sold by original equipment manufacturers (“OEM”), to drive traffic to our websites, and to acquire online advertising space; costs incurred to support and maintain cloud-based and other online products and services, including datacenter costs and royalties; warranty costs; inventory valuation adjustments; costs associated with the delivery of consulting services; and the amortization of capitalized software development costs. Capitalized software development costs are amortized over the estimated lives of the products.

Product Warranty

Product Warranty

We provide for the estimated costs of fulfilling our obligations under hardware and software warranties at the time the related revenue is recognized. For hardware warranties, we estimate the costs based on historical and projected product failure rates, historical and projected repair costs, and knowledge of specific product failures (if any). The specific hardware warranty terms and conditions vary depending upon the product sold and the country in which we do business, but generally include parts and labor over a period generally ranging from 90 days to three years. For software warranties, we estimate the costs to provide bug fixes, such as security patches, over the estimated life of the software. We regularly reevaluate our estimates to assess the adequacy of the recorded warranty liabilities and adjust the amounts as necessary.

Research and Development

Research and Development

Research and development expenses include payroll, employee benefits, stock-based compensation expense, and other headcount-related expenses associated with product development. Research and development expenses also include third-party development and programming costs and the amortization of purchased software code and services content. Such costs related to software development are included in research and development expense until the point that technological feasibility is reached, which for our software products, is generally shortly before the products are released to production. Once technological feasibility is reached, such costs are capitalized and amortized to cost of revenue over the estimated lives of the products.

Sales and Marketing

Sales and Marketing

Sales and marketing expenses include payroll, employee benefits, stock-based compensation expense, and other headcount-related expenses associated with sales and marketing personnel, and the costs of advertising, promotions, trade shows, seminars, and other programs. Advertising costs are expensed as incurred. Advertising expense was $1.7 billion, $904 million, and $1.5 billion in fiscal years 2024, 2023, and 2022, respectively.

Stock-Based Compensation

Stock-Based Compensation

Compensation cost for stock awards, which include restricted stock units (“RSUs”) and performance stock units (“PSUs”), is measured at the fair value on the grant date and recognized as expense, net of estimated forfeitures, over the related service or performance period. The fair value of stock awards is based on the quoted price of our common stock on the grant date less the present value of expected dividends not received during the vesting period. We measure the fair value of PSUs using a Monte Carlo valuation model. Compensation cost for RSUs is recognized using the straight-line method and for PSUs is recognized using the accelerated method.

Compensation expense for the employee stock purchase plan (“ESPP”) is measured as the discount the employee is entitled to upon purchase and is recognized in the period of purchase.

Income Taxes

Income Taxes

Income tax expense includes U.S. and international income taxes, and interest and penalties on uncertain tax positions. Certain income and expenses are not reported in tax returns and financial statements in the same year. The tax effect of such temporary differences is reported as deferred income taxes. Deferred tax assets are reported net of a valuation allowance when it is more likely than not that a tax benefit will not be realized. All deferred income taxes are classified as long-term in our consolidated balance sheets.

Investments

Investments

We consider all highly liquid interest-earning investments with a maturity of three months or less at the date of purchase to be cash equivalents. The fair values of these investments approximate their carrying values. In general, investments with original maturities of greater than three months and remaining maturities of less than one year are classified as short-term investments. Investments with maturities beyond one year may be classified as short-term based on their highly liquid nature and because such marketable securities represent the investment of cash that is available for current operations.

Debt investments are classified as available-for-sale and realized gains and losses are recorded using the specific identification method. Changes in fair value, excluding credit losses and impairments, are recorded in other comprehensive income. Fair value is calculated based on publicly available market information or other estimates determined by management. If the cost of an investment exceeds its fair value, we evaluate, among other factors, general market conditions, credit quality of debt instrument issuers, and the extent to which the fair value is less than cost. To determine credit losses, we employ a systematic methodology that considers available quantitative and qualitative evidence. In addition, we consider specific adverse conditions related to the financial health of, and business outlook for, the investee. If we have plans to sell the security or it is more likely than not that we will be required to sell the security before recovery, then a decline in fair value below cost is recorded as an impairment charge in other income (expense), net and a new cost basis in the investment is established. If market, industry, and/or investee conditions deteriorate, we may incur future impairments.

Equity investments with readily determinable fair values are measured at fair value. Equity investments without readily determinable fair values are measured using the equity method or measured at cost with adjustments for observable changes in price or impairments (referred to as the measurement alternative). We perform a qualitative assessment on a periodic basis and recognize an impairment if there are sufficient indicators that the fair value of the investment is less than carrying value. Changes in value are recorded in other income (expense), net.

Investments that are considered variable interest entities (“VIEs”) are evaluated to determine whether we are the primary beneficiary of the VIE, in which case we would be required to consolidate the entity. We evaluate whether we have (1) the power to direct the activities that most significantly impact the VIE’s economic performance, and (2) the obligation to absorb losses or the right to receive benefits from the VIE that could potentially be significant to the VIE. We have determined we are not the primary beneficiary of any of our VIE investments. Therefore, our VIE investments are not consolidated and the majority are accounted for under the equity method of accounting.

Derivatives

Derivatives

Derivative instruments are recognized as either assets or liabilities and measured at fair value. The accounting for changes in the fair value of a derivative depends on the intended use of the derivative and the resulting designation.

For derivative instruments designated as fair value hedges, gains and losses are recognized in other income (expense), net with offsetting gains and losses on the hedged items. Gains and losses representing hedge components excluded from the assessment of effectiveness are recognized in other income (expense), net.

For derivative instruments designated as cash flow hedges, gains and losses are initially reported as a component of other comprehensive income and subsequently recognized in other income (expense), net with the corresponding hedged item. Gains and losses representing hedge components excluded from the assessment of effectiveness are recognized in other income (expense), net.

For derivative instruments that are not designated as hedges, gains and losses from changes in fair values are primarily recognized in other income (expense), net.

Fair Value Measurements

Fair Value Measurements

We account for certain assets and liabilities at fair value. The hierarchy below lists three levels of fair value based on the extent to which inputs used in measuring fair value are observable in the market. We categorize each of our fair value measurements in one of these three levels based on the lowest level input that is significant to the fair value measurement in its entirety. These levels are:

Level 1 – inputs are based upon unadjusted quoted prices for identical instruments in active markets. Our Level 1 investments include U.S. government securities, common and preferred stock, and mutual funds. Our Level 1 derivative assets and liabilities include those actively traded on exchanges.
Level 2 – inputs are based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques (e.g. the Black-Scholes model) for which all significant inputs are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Where applicable, these models project future cash flows and discount the future amounts to a present value using market-based observable inputs including interest rate curves, credit spreads, foreign exchange rates, and forward and spot prices for currencies. Our Level 2 investments include commercial paper, certificates of deposit, U.S. agency securities, foreign government bonds, mortgage- and asset-backed securities, corporate notes and bonds, and municipal securities. Our Level 2 derivative assets and liabilities include certain cleared swap contracts and over-the-counter forward, option, and swap contracts.
Level 3 – inputs are generally unobservable and typically reflect management’s estimates of assumptions that market participants would use in pricing the asset or liability. The fair values are therefore determined using model-based techniques, including option pricing models and discounted cash flow models. Our Level 3 assets and liabilities include investments in corporate notes and bonds, municipal securities, and goodwill and intangible assets, when they are recorded at fair value due to an impairment charge. Unobservable inputs used in the models are significant to the fair values of the assets and liabilities.

We measure equity investments without readily determinable fair values on a nonrecurring basis. The fair values of these investments are determined based on valuation techniques using the best information available, and may include quoted market prices, market comparables, and discounted cash flow projections.

Our other current financial assets and current financial liabilities have fair values that approximate their carrying values.

Inventories

Inventories

Inventories are stated at average cost, subject to the lower of cost or net realizable value. Cost includes materials, labor, and manufacturing overhead related to the purchase and production of inventories. Net realizable value is the estimated selling price less estimated costs of completion, disposal, and transportation. We regularly review inventory quantities on hand, future purchase commitments with our suppliers, and the estimated utility of our inventory. If our review indicates a reduction in utility below carrying value, we reduce our inventory to a new cost basis through a charge to cost of revenue.

Property and Equipment

Property and Equipment

Property and equipment is stated at cost less accumulated depreciation, and depreciated using the straight-line method over the shorter of the estimated useful life of the asset or the lease term. The estimated useful lives of our property and equipment are generally as follows: computer software developed or acquired for internal use, three years; computer equipment, two to six years; buildings and improvements, five to 15 years; leasehold improvements, three to 20 years; and furniture and equipment, one to 10 years. Land is not depreciated.

Leases

Leases

We determine if an arrangement is a lease at inception. Operating leases are included in operating lease right-of-use (“ROU”) assets, other current liabilities, and operating lease liabilities in our consolidated balance sheets. Finance leases are included in property and equipment, other current liabilities, and other long-term liabilities in our consolidated balance sheets.

ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As most of our leases do not provide an implicit rate, we generally use our incremental borrowing rate based on the estimated rate of interest for collateralized borrowing over a similar term of the lease payments at commencement date. The operating lease ROU asset also includes any lease payments made and excludes lease incentives. Our lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Lease expense for lease payments is recognized on a straight-line basis over the lease term.

We have lease agreements with lease and non-lease components, which are generally accounted for separately. For certain equipment leases, such as vehicles, we account for the lease and non-lease components as a single lease component. Additionally, for certain equipment leases, we apply a portfolio approach to effectively account for the operating lease ROU assets and liabilities.

Goodwill

Goodwill

Goodwill is tested for impairment at the reporting unit level (operating segment or one level below an operating segment) on an annual basis (May 1) and between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying value.

Intangible Assets

Intangible Assets

Our intangible assets are subject to amortization and are amortized over the estimated useful life in proportion to the economic benefits received. We evaluate the recoverability of intangible assets periodically by taking into account events or circumstances that may warrant revised estimates of useful lives or that indicate the asset may be impaired.
Related Party Transactions

Related Party Transactions

In March 2024, we entered into an agreement with Inflection AI, Inc. (“Inflection”), pursuant to which we obtained a non-exclusive license to Inflection’s intellectual property. Reid Hoffman, a member of our Board of Directors, is a co-founder of and serves on the board of directors of Inflection. As of the date of the agreement with Inflection, Reprogrammed Interchange LLC (“Reprogrammed”) and entities affiliated with Greylock Ventures (“Greylock”) each held less than a 10% equity interest in Inflection. Mr. Hoffman may be deemed to beneficially own the shares held by Reprogrammed and Greylock by virtue of his relationship with such entities. Mr. Hoffman did not participate in any portions of the meetings of our Board of Directors or any committee thereof to review and approve the transaction with Inflection.

Recent Accounting Guidance

Recent Accounting Guidance

Segment Reporting – Improvements to Reportable Segment Disclosures

In November 2023, the Financial Accounting Standards Board (“FASB”) issued a new standard to improve reportable segment disclosures. The guidance expands the disclosures required for reportable segments in our annual and interim consolidated financial statements, primarily through enhanced disclosures about significant segment expenses. The standard will be effective for us beginning with our annual reporting for fiscal year 2025 and interim periods thereafter, with early adoption permitted. We are currently evaluating the impact of this standard on our segment disclosures.

Income Taxes – Improvements to Income Tax Disclosures

In December 2023, the FASB issued a new standard to improve income tax disclosures. The guidance requires disclosure of disaggregated income taxes paid, prescribes standardized categories for the components of the effective tax rate reconciliation, and modifies other income tax-related disclosures. The standard will be effective for us beginning with our annual reporting for fiscal year 2026, with early adoption permitted. We are currently evaluating the impact of this standard on our income tax disclosures.

Earnings Per Share

Basic earnings per share (“EPS”) is computed based on the weighted average number of shares of common stock outstanding during the period. Diluted EPS is computed based on the weighted average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Dilutive potential common shares include outstanding stock options and stock awards.

Segment Reporting

Revenue and costs are generally directly attributed to our segments. However, due to the integrated structure of our business, certain revenue recognized and costs incurred by one segment may benefit other segments. Revenue from certain contracts is allocated among the segments based on the relative value of the underlying products and services, which can include allocation based on actual prices charged, prices when sold separately, or estimated costs plus a profit margin. Cost of revenue is allocated in certain cases based on a relative revenue methodology. Operating expenses that are allocated primarily include those relating to marketing of products and services from which multiple segments benefit and are generally allocated based on relative gross margin.

In addition, certain costs are incurred at a corporate level and allocated to our segments. These allocated costs generally include legal, including settlements and fines, information technology, human resources, finance, excise taxes, field selling, shared facilities services, customer service and support, and severance incurred as part of a corporate program. Each allocation is measured differently based on the specific facts and circumstances of the costs being allocated and is generally based on relative gross margin or relative headcount.

Assets are not allocated to segments for internal reporting presentations. A portion of amortization and depreciation is included with various other costs in an overhead allocation to each segment. It is impracticable for us to separately identify the amount of amortization and depreciation by segment that is included in the measure of segment profit or loss.

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

 

 

2024

 

 

2023

 

 

2022

 

 

 

 

 

 

 

 

 

Balance, beginning of period

$

716

 

$

710

 

$

798

Charged to costs and other

386

258

 

157

Write-offs

(218

)

(252

)

 

(245

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, end of period

$

884

 

$

716

 

$

710

 

 

 

 

 

 

 

 

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30,

 

 

2024

 

 

2023

 

 

2022

 

 

 

 

 

 

 

 

 

Accounts receivable, net of allowance for doubtful accounts

$

830

 

$

650

 

$

633

Other long-term assets

54

 

 

66

 

 

77

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

884

 

$

716

 

$

710

 

 

 

 

 

 

 

 

 

Name: msft_RelatedPartyTransactionsPolicyTextBlock
Namespace Prefix: msft_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
Name: msft_SellingAndMarketingPolicyTextBlock
Namespace Prefix: msft_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
Name: us-gaap_AccountingPoliciesAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_BasisOfAccountingPolicyPolicyTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
Name: us-gaap_ConsolidationPolicyTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
Name: us-gaap_CostOfSalesPolicyTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
Name: us-gaap_DerivativesPolicyTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
Name: us-gaap_EarningsPerSharePolicyTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
Name: us-gaap_FairValueOfFinancialInstrumentsPolicy
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
Name: us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
Name: us-gaap_GoodwillAndIntangibleAssetsGoodwillPolicy
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
Name: us-gaap_IncomeTaxPolicyTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
Name: us-gaap_IntangibleAssetsFiniteLivedPolicy
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
Name: us-gaap_InventoryPolicyTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
Name: us-gaap_InvestmentPolicyTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
Name: us-gaap_LesseeLeasesPolicyTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
Name: us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
Name: us-gaap_PropertyPlantAndEquipmentPolicyTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
Name: us-gaap_ResearchDevelopmentAndComputerSoftwarePolicyTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
Name: us-gaap_RevenueFromContractWithCustomerPolicyTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
Name: us-gaap_SegmentReportingPolicyPolicyTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
Name: us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
Name: us-gaap_StandardProductWarrantyPolicy
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
Name: us-gaap_UseOfEstimates
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
ACCOUNTING POLICIES (Tables)
12 Months Ended
Jun. 30, 2024
Accounting Policies [Abstract]  
Allowance for Doubtful Accounts

Activity in the allowance for doubtful accounts was as follows:

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

 

 

2024

 

 

2023

 

 

2022

 

 

 

 

 

 

 

 

 

Balance, beginning of period

$

716

 

$

710

 

$

798

Charged to costs and other

386

258

 

157

Write-offs

(218

)

(252

)

 

(245

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, end of period

$

884

 

$

716

 

$

710

 

 

 

 

 

 

 

 

 

 

Allowance for doubtful accounts included in our consolidated balance sheets:

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30,

 

 

2024

 

 

2023

 

 

2022

 

 

 

 

 

 

 

 

 

Accounts receivable, net of allowance for doubtful accounts

$

830

 

$

650

 

$

633

Other long-term assets

54

 

 

66

 

 

77

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

884

 

$

716

 

$

710

 

 

 

 

 

 

 

 

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

 

 

2024

 

 

2023

 

 

2022

 

 

 

 

 

 

 

 

 

Balance, beginning of period

$

716

 

$

710

 

$

798

Charged to costs and other

386

258

 

157

Write-offs

(218

)

(252

)

 

(245

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, end of period

$

884

 

$

716

 

$

710

 

 

 

 

 

 

 

 

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30,

 

 

2024

 

 

2023

 

 

2022

 

 

 

 

 

 

 

 

 

Accounts receivable, net of allowance for doubtful accounts

$

830

 

$

650

 

$

633

Other long-term assets

54

 

 

66

 

 

77

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

884

 

$

716

 

$

710

 

 

 

 

 

 

 

 

 

Name: us-gaap_AccountingPoliciesAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
EARNINGS PER SHARE (Tables)
12 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Basic and Diluted Earnings Per Share

The components of basic and diluted EPS were as follows:

 

(In millions, except per share amounts)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

 

 

 

 

 

 

 

 

 

Net income available for common shareholders (A)

$

88,136

$

72,361

$

72,738

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average outstanding shares of common stock (B)

7,431

7,446

7,496

Dilutive effect of stock-based awards

38

26

44

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common stock and common stock equivalents (C)

7,469

7,472

7,540

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

 

Basic (A/B)

$

11.86

$

9.72

$

9.70

Diluted (A/C)

$

11.80

$

9.68

$

9.65

 

 

 

 

 

 

 

 

 

 

 

 

(In millions, except per share amounts)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

 

 

 

 

 

 

 

 

 

Net income available for common shareholders (A)

$

88,136

$

72,361

$

72,738

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average outstanding shares of common stock (B)

7,431

7,446

7,496

Dilutive effect of stock-based awards

38

26

44

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common stock and common stock equivalents (C)

7,469

7,472

7,540

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

 

Basic (A/B)

$

11.86

$

9.72

$

9.70

Diluted (A/C)

$

11.80

$

9.68

$

9.65

 

 

 

 

 

 

 

 

 

 

 

 

Name: us-gaap_EarningsPerShareAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
OTHER INCOME (EXPENSE), NET (Tables)
12 Months Ended
Jun. 30, 2024
Components of Other Income (Expense), Net

The components of other income (expense), net were as follows:

 

(In millions)

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

Interest and dividends income

$

3,157

$

2,994

$

2,094

Interest expense

(2,935

)

(1,968

)

(2,063

)

Net recognized gains (losses) on investments

(118

)

260

461

Net losses on derivatives

(187

)

(456

)

(52

)

Net gains (losses) on foreign currency remeasurements

(244

)

181

 

(75

)

Other, net

(1,319

)

(223

)

(32

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

(1,646

)

$

788

$

333

 

 

 

Debt Securities  
Net Recognized Gains (Losses) on Investments

Net recognized gains (losses) on debt investments were as follows:

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

Realized gains from sales of available-for-sale securities

$

22

 

$

36

 

$

162

 

Realized losses from sales of available-for-sale securities

(98

)

(124

)

(138

)

Impairments and allowance for credit losses

23

 

(10

)

(81

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

(53

)

$

(98

)

$

(57

)

 

 

 

 

 

 

 

 

 

 

 

 

Equity Securities  
Net Recognized Gains (Losses) on Investments

Net recognized gains (losses) on equity investments were as follows:

 

(In millions)

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

Net realized gains on investments sold

$

18

 

$

75

 

$

29

 

Net unrealized gains on investments still held

146

 

303

 

509

 

Impairments of investments

(229

)

(20

)

(20

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

(65

)

$

358

$

518

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

Interest and dividends income

$

3,157

$

2,994

$

2,094

Interest expense

(2,935

)

(1,968

)

(2,063

)

Net recognized gains (losses) on investments

(118

)

260

461

Net losses on derivatives

(187

)

(456

)

(52

)

Net gains (losses) on foreign currency remeasurements

(244

)

181

 

(75

)

Other, net

(1,319

)

(223

)

(32

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

(1,646

)

$

788

$

333

 

 

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

Realized gains from sales of available-for-sale securities

$

22

 

$

36

 

$

162

 

Realized losses from sales of available-for-sale securities

(98

)

(124

)

(138

)

Impairments and allowance for credit losses

23

 

(10

)

(81

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

(53

)

$

(98

)

$

(57

)

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

Net realized gains on investments sold

$

18

 

$

75

 

$

29

 

Net unrealized gains on investments still held

146

 

303

 

509

 

Impairments of investments

(229

)

(20

)

(20

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

(65

)

$

358

$

518

 

 

 

 

 

 

 

 

 

 

 

 

Name: us-gaap_GainLossOnInvestmentsTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
Name: us-gaap_RealizedGainLossOnInvestmentsTableTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
Name: us-gaap_ScheduleOfOtherNonoperatingIncomeExpenseTableTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
Name: us-gaap_InvestmentTypeAxis=us-gaap_DebtSecuritiesMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_InvestmentTypeAxis=us-gaap_EquitySecuritiesMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
INVESTMENTS (Tables)
12 Months Ended
Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract]  
Investment Components

The components of investments were as follows:

 

(In millions)

 

Fair Value

Level

 

 

Adjusted

Cost Basis

 

 

Unrealized

Gains

 

 

Unrealized

Losses

 

 

Recorded

Basis

 

 

Cash

and Cash

Equivalents

 

Short-term

Investments

 

 

Equity and Other

Investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Changes in Fair Value Recorded in Other Comprehensive Income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial paper

 

 

Level 2

 

$

4,666

$

0

$

0

$

4,666

$

4,666

$

0

$

0

Certificates of deposit

 

 

Level 2

 

 

1,547

0

0

1,547

1,503

44

0

U.S. government securities

 

 

Level 1

 

49,603

 

 

 

4

 

 

 

(2,948

)

 

 

46,659

 

 

 

14

 

 

 

46,645

 

 

 

0

U.S. agency securities

 

 

Level 2

 

 

 

17

 

 

 

0

 

 

 

0

 

 

 

17

 

 

 

0

 

 

 

17

 

 

 

0

 

Foreign government bonds

 

 

Level 2

 

319

 

 

 

3

 

 

 

(16

)

 

 

306

 

 

 

0

 

 

 

306

 

 

 

0

Mortgage- and asset-backed securities

 

 

Level 2

 

944

 

 

 

3

 

 

 

(35

)

 

 

912

 

 

 

0

 

 

 

912

 

 

 

0

Corporate notes and bonds

 

 

Level 2

 

9,106

 

 

 

28

 

 

 

(318

)

 

 

8,816

 

 

 

0

 

 

 

8,816

 

 

 

0

Corporate notes and bonds

 

 

Level 3

 

 

 

1,641

 

 

 

0

 

 

 

(1

)

 

 

1,640

 

 

 

0

 

 

 

140

 

 

 

1,500

 

Municipal securities

 

 

Level 2

 

262

 

 

 

0

 

 

 

(13

)

 

 

249

 

 

 

0

 

 

 

249

 

 

 

0

 

Municipal securities

 

 

Level 3

 

104

 

 

 

0

 

 

 

(17

)

 

 

87

 

 

 

0

 

 

 

87

 

 

 

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total debt investments

 

 

 

 

 

$

68,209

 

 

$

38

 

 

$

(3,348

)

 

$

64,899

 

 

$

6,183

 

 

$

57,216

 

 

$

1,500

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Changes in Fair Value Recorded in Net Income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity investments

 

 

Level 1

 

 

 

 

 

 

 

 

 

 

 

 

$

3,547

 

 

$

561

 

 

$

0

 

 

$

2,986

Equity investments

 

 

Other

 

 

 

 

 

 

 

 

 

 

 

 

 

10,114

 

 

 

0

 

 

 

0

 

 

 

10,114

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total equity investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

13,661

 

 

$

561

 

 

$

0

 

 

$

13,100

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

11,571

 

 

$

11,571

 

 

$

0

 

 

$

0

 

Derivatives, net (a)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

12

 

 

 

0

 

 

 

12

 

 

 

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

90,143

 

 

$

18,315

 

 

$

57,228

 

 

$

14,600

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

 

Fair Value

Level

 

 

Adjusted

Cost Basis

 

 

Unrealized

Gains

 

 

Unrealized

Losses

 

 

Recorded

Basis

 

 

Cash

and Cash

Equivalents

 

Short-term

Investments

 

 

Equity and Other

Investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Changes in Fair Value Recorded in Other Comprehensive Income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial paper

 

 

Level 2

 

$

16,589

$

0

$

0

$

16,589

$

12,231

$

4,358

$

0

Certificates of deposit

 

 

Level 2

 

 

2,701

0

0

2,701

2,657

44

0

U.S. government securities

 

 

Level 1

 

65,237

2

(3,870

)

61,369

2,991

58,378

0

U.S. agency securities

 

 

Level 2

 

 

 

2,703

 

 

 

0

 

 

0

 

 

 

2,703

 

 

 

894

 

 

 

1,809

 

 

 

0

 

Foreign government bonds

 

 

Level 2

 

498

1

(24

)

475

0

475

0

Mortgage- and asset-backed securities

 

 

Level 2

 

824

1

(39

)

786

0

786

0

Corporate notes and bonds

 

 

Level 2

 

10,809

8

(583

)

10,234

0

10,234

0

Corporate notes and bonds

 

 

Level 3

 

 

 

120

 

 

 

0

 

 

0

 

 

 

120

 

 

 

0

 

 

 

120

 

 

 

0

 

Municipal securities

 

 

Level 2

 

285

1

(18

)

268

7

261

0

 

Municipal securities

 

 

Level 3

 

103

0

(16

)

87

0

87

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total debt investments

 

 

 

 

 

$

99,869

 

 

$

13

 

$

(4,550

)

$

95,332

 

 

$

18,780

 

 

$

76,552

 

 

$

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Changes in Fair Value Recorded in Net Income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity investments

 

 

Level 1

 

 

 

 

 

$

10,138

$

7,446

$

0

$

2,692

Equity investments

 

 

Other

 

 

 

 

7,187

0

0

 

7,187

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total equity investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

17,325

 

 

$

7,446

 

 

$

0

 

 

$

9,879

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

8,478

 

 

$

8,478

 

 

$

0

 

 

$

0

 

Derivatives, net (a)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6

 

 

 

0

 

 

 

6

 

 

 

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

$

121,141

$

34,704

$

76,558

$

9,879

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(a)
Refer to Note 5 – Derivatives for further information on the fair value of our derivative instruments.
Unrealized Losses on Debt Investments

Debt investments with continuous unrealized losses for less than 12 months and 12 months or greater and their related fair values were as follows:

 

Less than 12 Months

12 Months or Greater

Total
Unrealized
Losses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

Fair Value

Unrealized
Losses

Fair Value

Unrealized
Losses

Total
Fair Value

 

 

 

 

 

 

 

 

June 30, 2024

 

 

 

 

 

 

U.S. government and agency securities

 

$

529

 

 

$

(12

)

 

$

45,821

 

 

$

(2,936

)

 

$

46,350

 

 

$

(2,948

)

Foreign government bonds

 

 

79

 

 

 

(2

)

 

 

180

 

 

 

(14

)

 

 

259

 

 

 

(16

)

Mortgage- and asset-backed securities

 

 

201

 

 

 

(1

)

 

 

409

 

 

 

(34

)

 

 

610

 

 

 

(35

)

Corporate notes and bonds

 

 

1,310

 

 

 

(9

)

 

 

5,779

 

 

 

(310

)

 

 

7,089

 

 

 

(319

)

Municipal securities

 

 

38

 

 

 

(1

)

 

 

243

 

 

 

(29

)

 

 

281

 

 

 

(30

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

2,157

 

 

$

(25

)

 

$

52,432

 

 

$

(3,323

)

 

$

54,589

 

 

$

(3,348

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less than 12 Months

 

 

12 Months or Greater

 

 

 

 

 

 

 

Total
Unrealized
Losses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

 

 

Fair Value

 

 

 

Unrealized
Losses

 

 

 

Fair Value

 

 

 

Unrealized
Losses

 

 

 

Total
Fair Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government and agency securities

$

7,950

$

(336

)

$

45,273

$

(3,534

)

 

$

53,223

$

(3,870

)

Foreign government bonds

77

(5

)

391

(19

)

 

468

(24

)

Mortgage- and asset-backed securities

257

(5

)

412

(34

)

 

669

(39

)

Corporate notes and bonds

2,326

(49

)

7,336

(534

)

 

9,662

(583

)

Municipal securities

 

 

111

 

 

 

(3

)

 

 

186

 

 

 

(31

)

 

 

297

 

 

 

(34

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

10,721

$

(398

)

$

53,598

$

(4,152

)

 

$

64,319

$

(4,550

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Debt Investment Maturities

Debt Investment Maturities

The following table outlines maturities of our debt investments as of June 30, 2024:

 

(In millions)

Adjusted

Cost Basis

Estimated

Fair Value

 

 

 

 

June 30, 2024

 

 

Due in one year or less

$

19,815

$

19,596

Due after one year through five years

38,954

36,779

Due after five years through 10 years

8,028

7,242

Due after 10 years

1,412

1,282

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

68,209

$

64,899

 

 

(In millions)

 

Fair Value

Level

 

 

Adjusted

Cost Basis

 

 

Unrealized

Gains

 

 

Unrealized

Losses

 

 

Recorded

Basis

 

 

Cash

and Cash

Equivalents

 

Short-term

Investments

 

 

Equity and Other

Investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Changes in Fair Value Recorded in Other Comprehensive Income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial paper

 

 

Level 2

 

$

4,666

$

0

$

0

$

4,666

$

4,666

$

0

$

0

Certificates of deposit

 

 

Level 2

 

 

1,547

0

0

1,547

1,503

44

0

U.S. government securities

 

 

Level 1

 

49,603

 

 

 

4

 

 

 

(2,948

)

 

 

46,659

 

 

 

14

 

 

 

46,645

 

 

 

0

U.S. agency securities

 

 

Level 2

 

 

 

17

 

 

 

0

 

 

 

0

 

 

 

17

 

 

 

0

 

 

 

17

 

 

 

0

 

Foreign government bonds

 

 

Level 2

 

319

 

 

 

3

 

 

 

(16

)

 

 

306

 

 

 

0

 

 

 

306

 

 

 

0

Mortgage- and asset-backed securities

 

 

Level 2

 

944

 

 

 

3

 

 

 

(35

)

 

 

912

 

 

 

0

 

 

 

912

 

 

 

0

Corporate notes and bonds

 

 

Level 2

 

9,106

 

 

 

28

 

 

 

(318

)

 

 

8,816

 

 

 

0

 

 

 

8,816

 

 

 

0

Corporate notes and bonds

 

 

Level 3

 

 

 

1,641

 

 

 

0

 

 

 

(1

)

 

 

1,640

 

 

 

0

 

 

 

140

 

 

 

1,500

 

Municipal securities

 

 

Level 2

 

262

 

 

 

0

 

 

 

(13

)

 

 

249

 

 

 

0

 

 

 

249

 

 

 

0

 

Municipal securities

 

 

Level 3

 

104

 

 

 

0

 

 

 

(17

)

 

 

87

 

 

 

0

 

 

 

87

 

 

 

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total debt investments

 

 

 

 

 

$

68,209

 

 

$

38

 

 

$

(3,348

)

 

$

64,899

 

 

$

6,183

 

 

$

57,216

 

 

$

1,500

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Changes in Fair Value Recorded in Net Income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity investments

 

 

Level 1

 

 

 

 

 

 

 

 

 

 

 

 

$

3,547

 

 

$

561

 

 

$

0

 

 

$

2,986

Equity investments

 

 

Other

 

 

 

 

 

 

 

 

 

 

 

 

 

10,114

 

 

 

0

 

 

 

0

 

 

 

10,114

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total equity investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

13,661

 

 

$

561

 

 

$

0

 

 

$

13,100

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

11,571

 

 

$

11,571

 

 

$

0

 

 

$

0

 

Derivatives, net (a)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

12

 

 

 

0

 

 

 

12

 

 

 

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

90,143

 

 

$

18,315

 

 

$

57,228

 

 

$

14,600

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

 

Fair Value

Level

 

 

Adjusted

Cost Basis

 

 

Unrealized

Gains

 

 

Unrealized

Losses

 

 

Recorded

Basis

 

 

Cash

and Cash

Equivalents

 

Short-term

Investments

 

 

Equity and Other

Investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Changes in Fair Value Recorded in Other Comprehensive Income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial paper

 

 

Level 2

 

$

16,589

$

0

$

0

$

16,589

$

12,231

$

4,358

$

0

Certificates of deposit

 

 

Level 2

 

 

2,701

0

0

2,701

2,657

44

0

U.S. government securities

 

 

Level 1

 

65,237

2

(3,870

)

61,369

2,991

58,378

0

U.S. agency securities

 

 

Level 2

 

 

 

2,703

 

 

 

0

 

 

0

 

 

 

2,703

 

 

 

894

 

 

 

1,809

 

 

 

0

 

Foreign government bonds

 

 

Level 2

 

498

1

(24

)

475

0

475

0

Mortgage- and asset-backed securities

 

 

Level 2

 

824

1

(39

)

786

0

786

0

Corporate notes and bonds

 

 

Level 2

 

10,809

8

(583

)

10,234

0

10,234

0

Corporate notes and bonds

 

 

Level 3

 

 

 

120

 

 

 

0

 

 

0

 

 

 

120

 

 

 

0

 

 

 

120

 

 

 

0

 

Municipal securities

 

 

Level 2

 

285

1

(18

)

268

7

261

0

 

Municipal securities

 

 

Level 3

 

103

0

(16

)

87

0

87

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total debt investments

 

 

 

 

 

$

99,869

 

 

$

13

 

$

(4,550

)

$

95,332

 

 

$

18,780

 

 

$

76,552

 

 

$

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Changes in Fair Value Recorded in Net Income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity investments

 

 

Level 1

 

 

 

 

 

$

10,138

$

7,446

$

0

$

2,692

Equity investments

 

 

Other

 

 

 

 

7,187

0

0

 

7,187

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total equity investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

17,325

 

 

$

7,446

 

 

$

0

 

 

$

9,879

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

8,478

 

 

$

8,478

 

 

$

0

 

 

$

0

 

Derivatives, net (a)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6

 

 

 

0

 

 

 

6

 

 

 

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

$

121,141

$

34,704

$

76,558

$

9,879

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less than 12 Months

12 Months or Greater

Total
Unrealized
Losses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

Fair Value

Unrealized
Losses

Fair Value

Unrealized
Losses

Total
Fair Value

 

 

 

 

 

 

 

 

June 30, 2024

 

 

 

 

 

 

U.S. government and agency securities

 

$

529

 

 

$

(12

)

 

$

45,821

 

 

$

(2,936

)

 

$

46,350

 

 

$

(2,948

)

Foreign government bonds

 

 

79

 

 

 

(2

)

 

 

180

 

 

 

(14

)

 

 

259

 

 

 

(16

)

Mortgage- and asset-backed securities

 

 

201

 

 

 

(1

)

 

 

409

 

 

 

(34

)

 

 

610

 

 

 

(35

)

Corporate notes and bonds

 

 

1,310

 

 

 

(9

)

 

 

5,779

 

 

 

(310

)

 

 

7,089

 

 

 

(319

)

Municipal securities

 

 

38

 

 

 

(1

)

 

 

243

 

 

 

(29

)

 

 

281

 

 

 

(30

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

2,157

 

 

$

(25

)

 

$

52,432

 

 

$

(3,323

)

 

$

54,589

 

 

$

(3,348

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less than 12 Months

 

 

12 Months or Greater

 

 

 

 

 

 

 

Total
Unrealized
Losses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

 

 

Fair Value

 

 

 

Unrealized
Losses

 

 

 

Fair Value

 

 

 

Unrealized
Losses

 

 

 

Total
Fair Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government and agency securities

$

7,950

$

(336

)

$

45,273

$

(3,534

)

 

$

53,223

$

(3,870

)

Foreign government bonds

77

(5

)

391

(19

)

 

468

(24

)

Mortgage- and asset-backed securities

257

(5

)

412

(34

)

 

669

(39

)

Corporate notes and bonds

2,326

(49

)

7,336

(534

)

 

9,662

(583

)

Municipal securities

 

 

111

 

 

 

(3

)

 

 

186

 

 

 

(31

)

 

 

297

 

 

 

(34

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

10,721

$

(398

)

$

53,598

$

(4,152

)

 

$

64,319

$

(4,550

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

Adjusted

Cost Basis

Estimated

Fair Value

 

 

 

 

June 30, 2024

 

 

Due in one year or less

$

19,815

$

19,596

Due after one year through five years

38,954

36,779

Due after five years through 10 years

8,028

7,242

Due after 10 years

1,412

1,282

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

68,209

$

64,899

 

 

Name: msft_ScheduleOfCashCashEquivalentsAndInvestmentsTableTextBlock
Namespace Prefix: msft_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
Name: us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
Name: us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_ScheduleOfUnrealizedLossOnInvestmentsTableTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
DERIVATIVES (Tables)
12 Months Ended
Jun. 30, 2024
Notional Amounts of Outstanding Derivative Instruments Measured in U.S. Dollar Equivalents

The following table presents the notional amounts of our outstanding derivative instruments measured in U.S. dollar equivalents:

 

(In millions)

June 30,

2024

June 30,

2023

 

 

 

 

 

 

 

 

 

 

 

 

Designated as Hedging Instruments

 

 

Foreign exchange contracts purchased

 

$

1,492

 

 

$

1,492

 

Interest rate contracts purchased

 

 

1,100

 

 

 

1,078

 

 

 

Not Designated as Hedging Instruments

 

 

Foreign exchange contracts purchased

 

 

7,167

 

 

 

7,874

 

Foreign exchange contracts sold

 

 

31,793

 

 

 

25,159

 

Equity contracts purchased

 

 

4,016

 

 

 

3,867

 

Equity contracts sold

 

 

2,165

 

 

 

2,154

 

Other contracts purchased

2,113

 

1,224

Other contracts sold

811

 

581

 

 

 

 

 

 

 

 

Fair Values of Derivative Instruments

The following table presents our derivative instruments:

 

 

 

Derivative

 

Derivative

 

Derivative

 

Derivative

 

(In millions)

Assets

Liabilities

Assets

Liabilities

 

June 30,

2024

June 30,

2023

 

Designated as Hedging Instruments

Foreign exchange contracts

$

24

$

(76

)

$

34

$

(67

)

Interest rate contracts

19

0

16

0

Not Designated as Hedging Instruments

Foreign exchange contracts

213

(230

)

249

(332

)

Equity contracts

 

 

63

 

 

 

(491

)

 

 

165

 

 

 

(400

)

Other contracts

12

(3

)

5

(6

)

Gross amounts of derivatives

331

(800

)

469

(805

)

Gross amounts of derivatives offset in the balance sheets

(151

)

152

(202

)

206

Cash collateral received

0

(104

)

0

(125

)

Net amounts of derivatives

$

180

$

(752

)

$

267

$

(724

)

Reported as

Short-term investments

$

12

$

0

$

6

$

0

Other current assets

149

0

245

0

Other long-term assets

19

0

16

0

Other current liabilities

0

(401

)

0

(341

)

Other long-term liabilities

0

(351

)

0

(383

)

Total

$

180

$

(752

)

$

267

$

(724

)

The following table presents the fair value of our derivatives instruments on a gross basis:

 

(In millions)

 

Level 1

 

 

 

Level 2

 

 

Level 3

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative assets

 

$

0

 

 

$

327

 

 

$

4

 

 

$

331

 

Derivative liabilities

 

 

(1

)

 

 

(799

)

 

 

0

 

 

 

(800

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative assets

 

 

0

 

 

 

462

 

 

 

7

 

 

 

469

 

Derivative liabilities

 

 

0

 

 

 

(805

)

 

 

0

 

 

 

(805

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gains (Losses) on Derivative Instruments

Gains (losses) on derivative instruments recognized in other income (expense), net were as follows:

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

Designated as Fair Value Hedging Instruments

Foreign exchange contracts

Derivatives

$

0

 

$

0

 

$

49

 

Hedged items

 

0

 

 

0

 

 

(50

)

Excluded from effectiveness assessment

 

0

 

 

0

 

 

4

 

Interest rate contracts

Derivatives

 

(23

)

 

(65

)

 

(92

)

Hedged items

 

(25

)

 

38

 

 

108

 

 

 

 

 

 

 

 

 

 

Designated as Cash Flow Hedging Instruments

Foreign exchange contracts

Amount reclassified from accumulated other comprehensive loss

 

(48

)

 

 

61

 

 

(79

)

 

 

 

 

 

 

 

 

 

Not Designated as Hedging Instruments

 

 

 

 

 

 

 

 

 

Foreign exchange contracts

 

367

 

 

(73

)

 

383

 

Equity contracts

 

 

(177

)

 

 

(420

)

 

 

13

 

Other contracts

 

(15

)

 

(41

)

 

(85

)

 

 

 

 

 

 

 

 

 

Cash Flow Hedges | Other Comprehensive Income (Loss)  
Gains (Losses) on Derivative Instruments

Gains (losses), net of tax, on derivative instruments recognized in our consolidated comprehensive income statements were as follows:

 

(In millions)

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

Designated as Cash Flow Hedging Instruments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign exchange contracts

 

 

 

 

 

 

 

 

 

 

 

Included in effectiveness assessment

$

(14

)

 

$

34

 

$

(57

)

 

 

 

 

(In millions)

June 30,

2024

June 30,

2023

 

 

 

 

 

 

 

 

 

 

 

 

Designated as Hedging Instruments

 

 

Foreign exchange contracts purchased

 

$

1,492

 

 

$

1,492

 

Interest rate contracts purchased

 

 

1,100

 

 

 

1,078

 

 

 

Not Designated as Hedging Instruments

 

 

Foreign exchange contracts purchased

 

 

7,167

 

 

 

7,874

 

Foreign exchange contracts sold

 

 

31,793

 

 

 

25,159

 

Equity contracts purchased

 

 

4,016

 

 

 

3,867

 

Equity contracts sold

 

 

2,165

 

 

 

2,154

 

Other contracts purchased

2,113

 

1,224

Other contracts sold

811

 

581

 

 

 

 

 

 

 

 

 

 

Derivative

 

Derivative

 

Derivative

 

Derivative

 

(In millions)

Assets

Liabilities

Assets

Liabilities

 

June 30,

2024

June 30,

2023

 

Designated as Hedging Instruments

Foreign exchange contracts

$

24

$

(76

)

$

34

$

(67

)

Interest rate contracts

19

0

16

0

Not Designated as Hedging Instruments

Foreign exchange contracts

213

(230

)

249

(332

)

Equity contracts

 

 

63

 

 

 

(491

)

 

 

165

 

 

 

(400

)

Other contracts

12

(3

)

5

(6

)

Gross amounts of derivatives

331

(800

)

469

(805

)

Gross amounts of derivatives offset in the balance sheets

(151

)

152

(202

)

206

Cash collateral received

0

(104

)

0

(125

)

Net amounts of derivatives

$

180

$

(752

)

$

267

$

(724

)

Reported as

Short-term investments

$

12

$

0

$

6

$

0

Other current assets

149

0

245

0

Other long-term assets

19

0

16

0

Other current liabilities

0

(401

)

0

(341

)

Other long-term liabilities

0

(351

)

0

(383

)

Total

$

180

$

(752

)

$

267

$

(724

)

(In millions)

 

Level 1

 

 

 

Level 2

 

 

Level 3

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative assets

 

$

0

 

 

$

327

 

 

$

4

 

 

$

331

 

Derivative liabilities

 

 

(1

)

 

 

(799

)

 

 

0

 

 

 

(800

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative assets

 

 

0

 

 

 

462

 

 

 

7

 

 

 

469

 

Derivative liabilities

 

 

0

 

 

 

(805

)

 

 

0

 

 

 

(805

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

Designated as Fair Value Hedging Instruments

Foreign exchange contracts

Derivatives

$

0

 

$

0

 

$

49

 

Hedged items

 

0

 

 

0

 

 

(50

)

Excluded from effectiveness assessment

 

0

 

 

0

 

 

4

 

Interest rate contracts

Derivatives

 

(23

)

 

(65

)

 

(92

)

Hedged items

 

(25

)

 

38

 

 

108

 

 

 

 

 

 

 

 

 

 

Designated as Cash Flow Hedging Instruments

Foreign exchange contracts

Amount reclassified from accumulated other comprehensive loss

 

(48

)

 

 

61

 

 

(79

)

 

 

 

 

 

 

 

 

 

Not Designated as Hedging Instruments

 

 

 

 

 

 

 

 

 

Foreign exchange contracts

 

367

 

 

(73

)

 

383

 

Equity contracts

 

 

(177

)

 

 

(420

)

 

 

13

 

Other contracts

 

(15

)

 

(41

)

 

(85

)

 

 

 

 

 

 

 

 

 

(In millions)

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

Designated as Cash Flow Hedging Instruments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign exchange contracts

 

 

 

 

 

 

 

 

 

 

 

Included in effectiveness assessment

$

(14

)

 

$

34

 

$

(57

)

 

 

 

 

Name: us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
Name: us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
Name: us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
Name: us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis=us-gaap_CashFlowHedgingMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_OtherComprehensiveIncomeLocationAxis=us-gaap_OtherComprehensiveIncomeMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
INVENTORIES (Tables)
12 Months Ended
Jun. 30, 2024
Inventory Disclosure [Abstract]  
Components of Inventories

The components of inventories were as follows:

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

June 30,

2024

2023

 

 

Raw materials

$

394

$

709

Work in process

7

23

Finished goods

845

1,768

 

 

 

 

 

 

 

Total

$

1,246

$

2,500

 

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

June 30,

2024

2023

 

 

Raw materials

$

394

$

709

Work in process

7

23

Finished goods

845

1,768

 

 

 

 

 

 

 

Total

$

1,246

$

2,500

 

 

Name: us-gaap_InventoryDisclosureAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_ScheduleOfInventoryCurrentTableTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
PROPERTY AND EQUIPMENT (Tables)
12 Months Ended
Jun. 30, 2024
Property, Plant and Equipment [Abstract]  
Components of Property and Equipment

The components of property and equipment were as follows:

 

(In millions)

 

 

 

 

June 30,

2024

2023

 

 

Land

$

8,163

$

5,683

Buildings and improvements

93,943

68,465

Leasehold improvements

9,594

8,537

Computer equipment and software

93,780

74,961

Furniture and equipment

6,532

6,246

 

 

 

 

 

 

 

 

Total, at cost

212,012

163,892

Accumulated depreciation

(76,421

)

(68,251

)

 

 

 

 

 

 

 

 

Total, net

$

135,591

$

95,641

 

 

(In millions)

 

 

 

 

June 30,

2024

2023

 

 

Land

$

8,163

$

5,683

Buildings and improvements

93,943

68,465

Leasehold improvements

9,594

8,537

Computer equipment and software

93,780

74,961

Furniture and equipment

6,532

6,246

 

 

 

 

 

 

 

 

Total, at cost

212,012

163,892

Accumulated depreciation

(76,421

)

(68,251

)

 

 

 

 

 

 

 

 

Total, net

$

135,591

$

95,641

 

 

Name: us-gaap_PropertyPlantAndEquipmentAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_PropertyPlantAndEquipmentTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
BUSINESS COMBINATIONS (Tables)
12 Months Ended
Jun. 30, 2024
Activision Blizzard, Inc.  
Major Classes of Assets and Liabilities Allocated Purchase Price

The major classes of assets and liabilities to which we have preliminarily allocated the purchase price were as follows:

 

(In millions)

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

$

12,976

Goodwill

 

50,969

Intangible assets

 

 

21,969

 

Other assets

 

 

2,501

 

Long-term debt

 

 

(2,799

)

Long-term income taxes

 

 

(1,914

)

Deferred income taxes

 

 

(4,677

)

Other liabilities

 

(3,617

)

 

 

 

 

 

 

 

Total purchase price

$

75,408

 

 

 

Acquired Intangible Assets

Following are the details of the purchase price allocated to the intangible assets acquired:

 

(In millions, except average life)

Amount

 

 

Weighted

Average Life

 

 

 

Marketing-related

$

11,619

24 years

Technology-based

9,689

4 years

Customer-related

661

4 years

 

 

Fair value of intangible assets acquired

$

21,969

 

 

 

15 years

 

 

Supplemental Consolidated Financial Results on Unaudited Pro Forma Basis

Following is the net impact of the Activision Blizzard acquisition on our consolidated income statements since the date of acquisition:

 

(In millions)

Year Ended June 30,

2024

Revenue

$

5,729

Operating loss

(1,362

)

 

 

 

 

 

The change of Activision Blizzard content from third-party to first-party is reflected in the net impact.

Following are the supplemental consolidated financial results of Microsoft Corporation on an unaudited pro forma basis, as if the acquisition had been consummated on July 1, 2022:

 

(In millions, except per share amounts)

Year Ended June 30,

2024

2023

Revenue

$

247,442

$

219,790

Net income

88,308

71,383

Diluted earnings per share

11.82

9.55

 

 

 

 

 

 

 

 

Nuance Communications Inc.  
Major Classes of Assets and Liabilities Allocated Purchase Price The major classes of assets and liabilities to which we have allocated the purchase price were as follows:

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill (a)

 

 

$

16,326

 

Intangible assets

 

 

 

4,365

 

Other assets

 

 

 

42

 

Other liabilities (b)

 

 

 

(1,972

)

 

 

 

 

 

 

 

 

Total

 

 

$

18,761

 

 

 

 

(a)
Goodwill was assigned to our Intelligent Cloud segment and was primarily attributed to increased synergies that are expected to be achieved from the integration of Nuance. None of the goodwill is expected to be deductible for income tax purposes.
(b)
Includes $986 million of convertible senior notes issued by Nuance in 2015 and 2017, substantially all of which have been redeemed.
Acquired Intangible Assets

Following are the details of the purchase price allocated to the intangible assets acquired:

 

(In millions, except average life)

 

Amount

 

 

Weighted

Average Life

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer-related

 

$

2,610

 

9 years

 

Technology-based

 

 

1,540

 

5 years

 

Marketing-related

 

 

215

 

 

4 years

 

 

 

 

 

 

 

 

 

 

Total

 

$

4,365

 

7 years

 

 

(In millions)

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

$

12,976

Goodwill

 

50,969

Intangible assets

 

 

21,969

 

Other assets

 

 

2,501

 

Long-term debt

 

 

(2,799

)

Long-term income taxes

 

 

(1,914

)

Deferred income taxes

 

 

(4,677

)

Other liabilities

 

(3,617

)

 

 

 

 

 

 

 

Total purchase price

$

75,408

 

 

 

(In millions, except average life)

Amount

 

 

Weighted

Average Life

 

 

 

Marketing-related

$

11,619

24 years

Technology-based

9,689

4 years

Customer-related

661

4 years

 

 

Fair value of intangible assets acquired

$

21,969

 

 

 

15 years

 

 

(In millions)

Year Ended June 30,

2024

Revenue

$

5,729

Operating loss

(1,362

)

 

 

 

 

(In millions, except per share amounts)

Year Ended June 30,

2024

2023

Revenue

$

247,442

$

219,790

Net income

88,308

71,383

Diluted earnings per share

11.82

9.55

 

 

 

 

 

 

 

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill (a)

 

 

$

16,326

 

Intangible assets

 

 

 

4,365

 

Other assets

 

 

 

42

 

Other liabilities (b)

 

 

 

(1,972

)

 

 

 

 

 

 

 

 

Total

 

 

$

18,761

 

 

 

(In millions, except average life)

 

Amount

 

 

Weighted

Average Life

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer-related

 

$

2,610

 

9 years

 

Technology-based

 

 

1,540

 

5 years

 

Marketing-related

 

 

215

 

 

4 years

 

 

 

 

 

 

 

 

 

 

Total

 

$

4,365

 

7 years

 

 

Name: us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
Name: us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
Name: us-gaap_ScheduleOfFiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
Name: us-gaap_BusinessAcquisitionAxis=msft_ActivisionBlizzardIncMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_BusinessAcquisitionAxis=msft_NuanceCommunicationsIncMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
GOODWILL (Tables)
12 Months Ended
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Carrying Amount of Goodwill

Changes in the carrying amount of goodwill were as follows:

 

(In millions)

 

June 30,

2022

 

Acquisitions

 

Other

 

June 30,

2023

 

 

 

Acquisitions

 

 

 

Other

 

June 30,
2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Productivity and Business Processes

$

24,811

$

11

$

(47

)

$

24,775

$

0

 

 

$

2

 

$

24,777

Intelligent Cloud

30,182

223

64

 

30,469

0

 

 

(28

)

30,441

More Personal Computing

12,531

0

111

12,642

51,235

(a)

 

125

(a)

64,002

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

67,524

 

$

234

$

128

 

$

67,886

 

 

$

51,235

 

$

99

 

$

119,220

 

 

 

 

 

 

 

 

 

 

 

 

(a)
Includes goodwill of $51.0 billion related to Activision Blizzard. See Note 8 – Business Combinations for further information.

(In millions)

 

June 30,

2022

 

Acquisitions

 

Other

 

June 30,

2023

 

 

 

Acquisitions

 

 

 

Other

 

June 30,
2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Productivity and Business Processes

$

24,811

$

11

$

(47

)

$

24,775

$

0

 

 

$

2

 

$

24,777

Intelligent Cloud

30,182

223

64

 

30,469

0

 

 

(28

)

30,441

More Personal Computing

12,531

0

111

12,642

51,235

(a)

 

125

(a)

64,002

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

67,524

 

$

234

$

128

 

$

67,886

 

 

$

51,235

 

$

99

 

$

119,220

 

 

 

 

 

 

 

 

 

 

 

Name: us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
INTANGIBLE ASSETS (Tables)
12 Months Ended
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Finite-Lived Intangible Assets

The components of intangible assets, all of which are finite-lived, were as follows:

 

(In millions)

Gross
Carrying
Amount

Accumulated
Amortization

Net Carrying
Amount

Gross
Carrying
Amount

 

Accumulated
Amortization

Net Carrying
Amount

 

 

 

 

 

 

 

 

June 30,

 

 

 

 

 

 

2024

 

 

 

 

 

 

 

 

2023

 

 

 

 

 

 

Marketing-related

$

16,500

$

(3,101

)

$

13,399

$

4,935

$

(2,473

)

$

2,462

Technology-based

21,913

(10,741

)

11,172

11,245

(7,589

)

3,656

Customer-related

6,038

(3,051

)

2,987

7,281

(4,047

)

3,234

Contract-based

58

(19

)

39

29

(15

)

14

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

44,509

(a)

$

(16,912

)

$

27,597

$

23,490

 

$

(14,124

)

$

9,366

 

 

 

 

 

 

 

 

 

(a)
Includes intangible assets of $22.0 billion related to Activision Blizzard. See Note 8 – Business Combinations for further information.
Acquired Intangible Assets

The components of intangible assets acquired during the periods presented were as follows:

 

(In millions)

Amount

Weighted

Average Life

Amount

Weighted

Average Life

 

 

 

 

 

 

Year Ended June 30,

2024

2023

 

 

 

 

Marketing-related

$

11,619

24 years

$

7

5 years

Technology-based

 

10,947

4 years

 

522

7 years

 

Customer-related

660

4 years

0

0 years

Contract-based

 

 

38

 

 

 

4 years

 

 

 

12

 

 

 

3 years

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

23,264

14 years

$

541

6 years

 

 

Estimated Future Amortization Expense Related to Intangible Assets

The following table outlines the estimated future amortization expense related to intangible assets held as of June 30, 2024:

 

(In millions)

 

 

 

Year Ending June 30,

 

2025

$

5,892

2026

4,471

2027

2,793

2028

1,909

2029

1,728

Thereafter

10,804

 

 

 

 

 

Total

$

27,597

 

(In millions)

Gross
Carrying
Amount

Accumulated
Amortization

Net Carrying
Amount

Gross
Carrying
Amount

 

Accumulated
Amortization

Net Carrying
Amount

 

 

 

 

 

 

 

 

June 30,

 

 

 

 

 

 

2024

 

 

 

 

 

 

 

 

2023

 

 

 

 

 

 

Marketing-related

$

16,500

$

(3,101

)

$

13,399

$

4,935

$

(2,473

)

$

2,462

Technology-based

21,913

(10,741

)

11,172

11,245

(7,589

)

3,656

Customer-related

6,038

(3,051

)

2,987

7,281

(4,047

)

3,234

Contract-based

58

(19

)

39

29

(15

)

14

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

44,509

(a)

$

(16,912

)

$

27,597

$

23,490

 

$

(14,124

)

$

9,366

 

 

 

 

 

 

 

 

(In millions)

Amount

Weighted

Average Life

Amount

Weighted

Average Life

 

 

 

 

 

 

Year Ended June 30,

2024

2023

 

 

 

 

Marketing-related

$

11,619

24 years

$

7

5 years

Technology-based

 

10,947

4 years

 

522

7 years

 

Customer-related

660

4 years

0

0 years

Contract-based

 

 

38

 

 

 

4 years

 

 

 

12

 

 

 

3 years

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

23,264

14 years

$

541

6 years

 

 

(In millions)

 

 

 

Year Ending June 30,

 

2025

$

5,892

2026

4,471

2027

2,793

2028

1,909

2029

1,728

Thereafter

10,804

 

 

 

 

 

Total

$

27,597

 

Name: us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_ScheduleOfAcquiredFiniteLivedIntangibleAssetsByMajorClassTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
Name: us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
Name: us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
DEBT (Tables)
12 Months Ended
Jun. 30, 2024
Debt Disclosure [Abstract]  
Components of Long-term Debt

The components of long-term debt were as follows:

 

(In millions, issuance by calendar year)

Maturities

(calendar year)

Stated Interest

Rate

 

Effective Interest

Rate

 

June 30,

2024

June 30,

2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2009 issuance of $3.8 billion

 

 

 

2039

 

 

5.20%

 

 

 

5.24%

 

 

$

520

$

520

2010 issuance of $4.8 billion

 

 

2040

 

 

4.50%

 

 

 

4.57%

 

 

486

486

2011 issuance of $2.3 billion

 

 

2041

 

 

5.30%

 

 

 

5.36%

 

 

718

718

2012 issuance of $2.3 billion

 

 

 

 

2042

 

 

 

 

3.50%

 

 

 

 

3.57%

 

 

 

454

 

 

 

454

 

2013 issuance of $5.2 billion

 

 

2043

3.75%

4.88%

 

3.83%

4.92%

 

 

314

1,814

2013 issuance of €4.1 billion

 

 

2028

2033

 

 

2.63%

3.13%

 

 

2.69%

3.22%

 

 

 

2,465

 

 

 

2,509

 

2015 issuance of $23.8 billion

2025

2055

2.70%

4.75%

 

2.77%

4.78%

 

 

9,805

9,805

2016 issuance of $19.8 billion

2026

2056

2.40%

3.95%

 

2.46%

4.03%

 

 

7,930

9,430

2017 issuance of $17.1 billion (a)

2026

2057

3.30%

4.50%

 

3.38%

5.49%

 

 

6,833

8,945

2020 issuance of $10.1 billion (a)

2030

2060

1.35%

2.68%

 

2.53%

5.43%

 

 

10,111

10,000

2021 issuance of $8.2 billion

 

 

2052

2062

 

 

2.92%

3.04%

 

 

2.92%

3.04%

 

 

 

8,185

 

 

 

8,185

 

2023 issuance of $0.1 billion (a)

 

 

2026

2050

 

 

1.35%

4.50%

 

 

5.16%

5.49%

 

 

 

56

 

 

 

0

 

2024 issuance of $3.3 billion (a)

 

 

2026

2050

 

 

1.35%

4.50%

 

 

5.16%

5.49%

 

 

 

3,344

 

 

 

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total face value

 

 

 

 

 

 

51,221

52,866

Unamortized discount and issuance costs

 

 

 

 

 

 

 

 

 

 

 

 

(1,227

)

 

 

(438

)

Hedge fair value adjustments (b)

 

 

 

 

 

 

 

 

 

 

 

 

(81

)

 

 

(106

)

Premium on debt exchange

 

 

 

 

 

 

 

 

 

 

 

 

(4,976

)

 

 

(5,085

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total debt

 

 

 

 

 

 

 

 

 

44,937

47,237

Current portion of long-term debt

 

 

 

 

 

 

 

 

 

 

 

 

(2,249

)

 

 

(5,247

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Long-term debt

 

 

 

 

 

 

 

 

 

 

 

$

42,688

 

 

$

41,990

 

 

 

 

 

 

 

 

(a)
Includes $3.6 billion of debt at face value related to the Activision Blizzard acquisition, the majority of which was exchanged for Microsoft registered securities in June 2024. See Note 8 – Business Combinations for further information.
(b)
Refer to Note 5 – Derivatives for further information on the interest rate swaps related to fixed-rate debt.
Maturities of Long-term Debt Including Current Portion

The following table outlines maturities of our long-term debt, including the current portion, as of June 30, 2024:

 

(In millions)

 

 

Year Ending June 30,

2025

$

2,250

2026

3,000

2027

9,250

2028

0

2029

1,876

Thereafter

34,845

Total

$

51,221

(In millions, issuance by calendar year)

Maturities

(calendar year)

Stated Interest

Rate

 

Effective Interest

Rate

 

June 30,

2024

June 30,

2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2009 issuance of $3.8 billion

 

 

 

2039

 

 

5.20%

 

 

 

5.24%

 

 

$

520

$

520

2010 issuance of $4.8 billion

 

 

2040

 

 

4.50%

 

 

 

4.57%

 

 

486

486

2011 issuance of $2.3 billion

 

 

2041

 

 

5.30%

 

 

 

5.36%

 

 

718

718

2012 issuance of $2.3 billion

 

 

 

 

2042

 

 

 

 

3.50%

 

 

 

 

3.57%

 

 

 

454

 

 

 

454

 

2013 issuance of $5.2 billion

 

 

2043

3.75%

4.88%

 

3.83%

4.92%

 

 

314

1,814

2013 issuance of €4.1 billion

 

 

2028

2033

 

 

2.63%

3.13%

 

 

2.69%

3.22%

 

 

 

2,465

 

 

 

2,509

 

2015 issuance of $23.8 billion

2025

2055

2.70%

4.75%

 

2.77%

4.78%

 

 

9,805

9,805

2016 issuance of $19.8 billion

2026

2056

2.40%

3.95%

 

2.46%

4.03%

 

 

7,930

9,430

2017 issuance of $17.1 billion (a)

2026

2057

3.30%

4.50%

 

3.38%

5.49%

 

 

6,833

8,945

2020 issuance of $10.1 billion (a)

2030

2060

1.35%

2.68%

 

2.53%

5.43%

 

 

10,111

10,000

2021 issuance of $8.2 billion

 

 

2052

2062

 

 

2.92%

3.04%

 

 

2.92%

3.04%

 

 

 

8,185

 

 

 

8,185

 

2023 issuance of $0.1 billion (a)

 

 

2026

2050

 

 

1.35%

4.50%

 

 

5.16%

5.49%

 

 

 

56

 

 

 

0

 

2024 issuance of $3.3 billion (a)

 

 

2026

2050

 

 

1.35%

4.50%

 

 

5.16%

5.49%

 

 

 

3,344

 

 

 

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total face value

 

 

 

 

 

 

51,221

52,866

Unamortized discount and issuance costs

 

 

 

 

 

 

 

 

 

 

 

 

(1,227

)

 

 

(438

)

Hedge fair value adjustments (b)

 

 

 

 

 

 

 

 

 

 

 

 

(81

)

 

 

(106

)

Premium on debt exchange

 

 

 

 

 

 

 

 

 

 

 

 

(4,976

)

 

 

(5,085

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total debt

 

 

 

 

 

 

 

 

 

44,937

47,237

Current portion of long-term debt

 

 

 

 

 

 

 

 

 

 

 

 

(2,249

)

 

 

(5,247

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Long-term debt

 

 

 

 

 

 

 

 

 

 

 

$

42,688

 

 

$

41,990

 

 

 

 

 

 

 

(In millions)

 

 

Year Ending June 30,

2025

$

2,250

2026

3,000

2027

9,250

2028

0

2029

1,876

Thereafter

34,845

Total

$

51,221

Name: us-gaap_DebtDisclosureAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
Name: us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
INCOME TAXES (Tables)
12 Months Ended
Jun. 30, 2024
Income Tax Disclosure [Abstract]  
Provision for Income Taxes

The components of the provision for income taxes were as follows:

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

Current Taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. federal

$

12,165

 

$

14,009

 

$

8,329

 

U.S. state and local

 

 

2,366

 

 

 

2,322

 

 

 

1,679

 

Foreign

 

9,858

 

 

6,678

 

 

6,672

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current taxes

$

24,389

 

 

$

23,009

 

 

$

16,680

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred Taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. federal

$

(4,791

)

 

$

(6,146

)

 

$

(4,815

)

U.S. state and local

 

 

(379

)

 

 

(477

)

 

 

(1,062

)

Foreign

 

432

 

 

 

564

 

 

 

175

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred taxes

$

(4,738

)

 

$

(6,059

)

 

$

(5,702

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Provision for income taxes

$

19,651

 

$

16,950

 

$

10,978

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Before Income Taxes

U.S. and foreign components of income before income taxes were as follows:

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

U.S.

$

62,886

 

$

52,917

 

$

47,837

 

Foreign

44,901

36,394

35,879

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income before income taxes

$

107,787

$

89,311

$

83,716

 

 

 

 

 

 

 

 

 

 

 

 

Difference Between Income Taxes Computed at Federal Statutory Rate and Provision for Income Taxes

The items accounting for the difference between income taxes computed at the U.S. federal statutory rate and our effective rate were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

Federal statutory rate

21.0%

 

21.0%

 

21.0%

 

Effect of:

 

 

 

Foreign earnings taxed at lower rates

(1.4)%

 

(1.8)%

 

(1.3)%

 

Impact of intangible property transfers

 

 

0%

 

 

 

0%

 

 

 

(3.9)%

 

Foreign-derived intangible income deduction

 

 

(1.1)%

 

 

 

(1.3)%

 

 

 

(1.1)%

 

State income taxes, net of federal benefit

 

 

1.5%

 

 

 

1.6%

 

 

 

1.4%

 

Research and development credit

 

 

(1.1)%

 

 

 

(1.1)%

 

 

 

(0.9)%

 

Excess tax benefits relating to stock-based compensation

 

 

(1.1)%

 

 

 

(0.7)%

 

 

 

(1.9)%

 

Interest, net

 

 

1.1%

 

 

 

0.8%

 

 

 

0.5%

 

Other reconciling items, net

(0.7)%

 

0.5%

 

(0.7)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Effective rate

18.2%

 

19.0%

 

13.1%

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred Income Tax Assets and Liabilities

The components of the deferred income tax assets and liabilities were as follows:

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

June 30,

2024

2023

 

 

Deferred Income Tax Assets

 

 

Stock-based compensation expense

$

765

$

681

Accruals, reserves, and other expenses

4,381

3,131

Loss and credit carryforwards

1,741

1,441

Amortization

 

 

4,159

 

 

 

9,440

 

Leasing liabilities

 

 

6,504

 

 

 

5,041

 

Unearned revenue

 

 

3,717

 

 

 

3,296

 

Book/tax basis differences in investments and debt

 

 

9

 

 

 

373

 

Capitalized research and development

 

 

11,442

 

 

 

6,958

 

Other

426

489

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred income tax assets

 

33,144

 

30,850

Less valuation allowance

(1,045

)

(939

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred income tax assets, net of valuation allowance

$

32,099

$

29,911

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred Income Tax Liabilities

 

 

Leasing assets

 

$

(6,503

)

 

$

(4,680

)

Depreciation

 

 

(3,940

)

 

 

(2,674

)

Deferred tax on foreign earnings

 

 

(1,837

)

 

 

(2,738

)

Other

(167

)

(89

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred income tax liabilities

$

(12,447

)

$

(10,181

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net deferred income tax assets

$

19,652

 

$

19,730

 

 

 

 

 

 

 

 

 

 

 

Reported As

 

 

Other long-term assets

 

$

22,270

 

 

$

20,163

 

Long-term deferred income tax liabilities

(2,618

)

(433

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net deferred income tax assets

$

19,652

 

$

19,730

 

 

 

 

 

 

 

 

 

 

Changes in Gross Unrecognized Tax Benefits Related to Uncertain Tax Positions

The aggregate changes in the gross unrecognized tax benefits related to uncertain tax positions were as follows:

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

Beginning unrecognized tax benefits

$

17,120

$

15,593

$

14,550

Decreases related to settlements

(76

)

(329

)

(317

)

Increases for tax positions related to the current year

1,903

1,051

1,145

Increases for tax positions related to prior years (a)

4,289

870

461

Decreases for tax positions related to prior years

(464

)

(60

)

(246

)

Decreases due to lapsed statutes of limitations

(12

)

(5

)

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending unrecognized tax benefits

$

22,760

$

17,120

$

15,593

 

 

 

 

 

 

 

 

 

 

 

 

 

(a)
Fiscal year 2024 includes unrecognized tax benefits of $3.4 billion related to the acquisition of Activision Blizzard. See Note 8 – Business Combinations for further information.

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

Current Taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. federal

$

12,165

 

$

14,009

 

$

8,329

 

U.S. state and local

 

 

2,366

 

 

 

2,322

 

 

 

1,679

 

Foreign

 

9,858

 

 

6,678

 

 

6,672

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current taxes

$

24,389

 

 

$

23,009

 

 

$

16,680

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred Taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. federal

$

(4,791

)

 

$

(6,146

)

 

$

(4,815

)

U.S. state and local

 

 

(379

)

 

 

(477

)

 

 

(1,062

)

Foreign

 

432

 

 

 

564

 

 

 

175

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred taxes

$

(4,738

)

 

$

(6,059

)

 

$

(5,702

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Provision for income taxes

$

19,651

 

$

16,950

 

$

10,978

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

U.S.

$

62,886

 

$

52,917

 

$

47,837

 

Foreign

44,901

36,394

35,879

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income before income taxes

$

107,787

$

89,311

$

83,716

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

Federal statutory rate

21.0%

 

21.0%

 

21.0%

 

Effect of:

 

 

 

Foreign earnings taxed at lower rates

(1.4)%

 

(1.8)%

 

(1.3)%

 

Impact of intangible property transfers

 

 

0%

 

 

 

0%

 

 

 

(3.9)%

 

Foreign-derived intangible income deduction

 

 

(1.1)%

 

 

 

(1.3)%

 

 

 

(1.1)%

 

State income taxes, net of federal benefit

 

 

1.5%

 

 

 

1.6%

 

 

 

1.4%

 

Research and development credit

 

 

(1.1)%

 

 

 

(1.1)%

 

 

 

(0.9)%

 

Excess tax benefits relating to stock-based compensation

 

 

(1.1)%

 

 

 

(0.7)%

 

 

 

(1.9)%

 

Interest, net

 

 

1.1%

 

 

 

0.8%

 

 

 

0.5%

 

Other reconciling items, net

(0.7)%

 

0.5%

 

(0.7)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Effective rate

18.2%

 

19.0%

 

13.1%

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

June 30,

2024

2023

 

 

Deferred Income Tax Assets

 

 

Stock-based compensation expense

$

765

$

681

Accruals, reserves, and other expenses

4,381

3,131

Loss and credit carryforwards

1,741

1,441

Amortization

 

 

4,159

 

 

 

9,440

 

Leasing liabilities

 

 

6,504

 

 

 

5,041

 

Unearned revenue

 

 

3,717

 

 

 

3,296

 

Book/tax basis differences in investments and debt

 

 

9

 

 

 

373

 

Capitalized research and development

 

 

11,442

 

 

 

6,958

 

Other

426

489

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred income tax assets

 

33,144

 

30,850

Less valuation allowance

(1,045

)

(939

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred income tax assets, net of valuation allowance

$

32,099

$

29,911

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred Income Tax Liabilities

 

 

Leasing assets

 

$

(6,503

)

 

$

(4,680

)

Depreciation

 

 

(3,940

)

 

 

(2,674

)

Deferred tax on foreign earnings

 

 

(1,837

)

 

 

(2,738

)

Other

(167

)

(89

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred income tax liabilities

$

(12,447

)

$

(10,181

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net deferred income tax assets

$

19,652

 

$

19,730

 

 

 

 

 

 

 

 

 

 

 

Reported As

 

 

Other long-term assets

 

$

22,270

 

 

$

20,163

 

Long-term deferred income tax liabilities

(2,618

)

(433

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net deferred income tax assets

$

19,652

 

$

19,730

 

 

 

 

 

 

 

 

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

Beginning unrecognized tax benefits

$

17,120

$

15,593

$

14,550

Decreases related to settlements

(76

)

(329

)

(317

)

Increases for tax positions related to the current year

1,903

1,051

1,145

Increases for tax positions related to prior years (a)

4,289

870

461

Decreases for tax positions related to prior years

(464

)

(60

)

(246

)

Decreases due to lapsed statutes of limitations

(12

)

(5

)

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending unrecognized tax benefits

$

22,760

$

17,120

$

15,593

 

 

 

 

 

 

 

 

 

 

 

 

Name: us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
Name: us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
Name: us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
Name: us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
Name: us-gaap_SummaryOfIncomeTaxContingenciesTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
UNEARNED REVENUE (Tables)
12 Months Ended
Jun. 30, 2024
Revenue from Contract with Customer [Abstract]  
Unearned Revenue by Segment

Unearned revenue by segment was as follows:

 

(In millions)

 

 

 

 

June 30,

2024

2023

 

 

Productivity and Business Processes

 

$

30,879

$

27,572

Intelligent Cloud

23,117

21,563

More Personal Computing

6,188

 

4,678

 

 

 

 

 

 

 

Total

$

60,184

$

53,813

 

 

Changes in Unearned Revenue

Changes in unearned revenue were as follows:

 

(In millions)

 

 

 

 

 

Year Ended June 30, 2024

 

 

 

Balance, beginning of period

 

$

53,813

Deferral of revenue

 

148,701

Recognition of unearned revenue

 

(142,330

)

 

 

 

 

 

 

 

 

Balance, end of period

 

$

60,184

 

 

 

(In millions)

 

 

 

 

June 30,

2024

2023

 

 

Productivity and Business Processes

 

$

30,879

$

27,572

Intelligent Cloud

23,117

21,563

More Personal Computing

6,188

 

4,678

 

 

 

 

 

 

 

Total

$

60,184

$

53,813

 

 

(In millions)

 

 

 

 

 

Year Ended June 30, 2024

 

 

 

Balance, beginning of period

 

$

53,813

Deferral of revenue

 

148,701

Recognition of unearned revenue

 

(142,330

)

 

 

 

 

 

 

 

 

Balance, end of period

 

$

60,184

 

 

 

Name: msft_ContractWithCustomerLiabilityBySegmentTableTextBlock
Namespace Prefix: msft_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
Name: us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
Name: us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
LEASES (Tables)
12 Months Ended
Jun. 30, 2024
Leases [Abstract]  
Components of Lease Expense

The components of lease expense were as follows:

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

2024

 

 

2023

 

 

 

2022

 

 

 

 

 

 

 

 

 

Operating lease cost

$

3,555

 

$

2,875

 

$

2,461

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Finance lease cost:

 

 

 

 

 

 

 

 

Amortization of right-of-use assets

$

1,800

 

$

1,352

 

$

980

 

Interest on lease liabilities

734

 

 

501

 

 

429

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total finance lease cost

$

2,534

 

$

1,853

 

$

1,409

 

 

 

 

 

 

 

 

 

 

Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases was as follows:

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

2024

 

 

2023

 

 

 

2022

 

 

 

 

 

 

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

$

3,550

 

 

$

2,706

 

 

$

2,368

 

Operating cash flows from finance leases

 

734

 

 

 

501

 

 

 

429

 

Financing cash flows from finance leases

 

1,286

 

 

 

1,056

 

 

 

896

 

 

 

 

 

 

 

 

 

 

Right-of-use assets obtained in exchange for lease obligations:

 

 

 

 

 

 

 

 

 

 

 

Operating leases

 

 

6,703

 

 

 

3,514

 

 

 

5,268

 

Finance leases

 

 

11,633

 

 

 

3,128

 

 

 

4,234

 

 

 

 

 

 

 

 

 

 

Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases was as follows:

 

(In millions, except lease term and discount rate)

 

 

 

 

 

 

 

 

 

June 30,

 

2024

 

2023

 

 

 

Operating Leases

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating lease right-of-use assets

 

$

18,961

 

 

$

14,346

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other current liabilities

 

$

3,580

 

 

$

2,409

 

Operating lease liabilities

 

 

15,497

 

 

 

12,728

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total operating lease liabilities

 

$

19,077

 

 

$

15,137

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Finance Leases

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Property and equipment, at cost

 

$

32,248

 

 

$

20,538

 

Accumulated depreciation

 

 

(6,386

)

 

 

(4,647

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Property and equipment, net

 

$

25,862

 

 

$

15,891

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other current liabilities

 

$

2,349

 

 

$

1,197

 

Other long-term liabilities

 

 

24,796

 

 

 

15,870

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total finance lease liabilities

 

$

27,145

 

 

$

17,067

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted Average Remaining Lease Term

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating leases

 

 

7 years

 

 

 

8 years

 

Finance leases

 

 

12 years

 

 

 

11 years

 

 

 

 

 

 

 

 

 

Weighted Average Discount Rate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating leases

 

 

3.3%

 

 

 

2.9%

 

Finance leases

 

 

3.9%

 

 

 

3.4%

 

 

 

 

 

 

 

 

 

Maturities of Lease Liabilities

The following table outlines maturities of our lease liabilities as of June 30, 2024:

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ending June 30,

Operating

 Leases

Finance

 Leases

 

 

2025

$

4,124

$

3,311

2026

3,549

3,021

2027

 

 

2,981

 

 

 

3,037

 

2028

2,405

3,026

2029

1,924

2,638

Thereafter

6,587

19,116

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total lease payments

 

21,570

34,149

Less imputed interest

(2,493

)

(7,004

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

19,077

 

$

27,145

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

2024

 

 

2023

 

 

 

2022

 

 

 

 

 

 

 

 

 

Operating lease cost

$

3,555

 

$

2,875

 

$

2,461

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Finance lease cost:

 

 

 

 

 

 

 

 

Amortization of right-of-use assets

$

1,800

 

$

1,352

 

$

980

 

Interest on lease liabilities

734

 

 

501

 

 

429

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total finance lease cost

$

2,534

 

$

1,853

 

$

1,409

 

 

 

 

 

 

 

 

 

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

2024

 

 

2023

 

 

 

2022

 

 

 

 

 

 

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

$

3,550

 

 

$

2,706

 

 

$

2,368

 

Operating cash flows from finance leases

 

734

 

 

 

501

 

 

 

429

 

Financing cash flows from finance leases

 

1,286

 

 

 

1,056

 

 

 

896

 

 

 

 

 

 

 

 

 

 

Right-of-use assets obtained in exchange for lease obligations:

 

 

 

 

 

 

 

 

 

 

 

Operating leases

 

 

6,703

 

 

 

3,514

 

 

 

5,268

 

Finance leases

 

 

11,633

 

 

 

3,128

 

 

 

4,234

 

 

 

 

 

 

 

 

 

 

(In millions, except lease term and discount rate)

 

 

 

 

 

 

 

 

 

June 30,

 

2024

 

2023

 

 

 

Operating Leases

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating lease right-of-use assets

 

$

18,961

 

 

$

14,346

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other current liabilities

 

$

3,580

 

 

$

2,409

 

Operating lease liabilities

 

 

15,497

 

 

 

12,728

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total operating lease liabilities

 

$

19,077

 

 

$

15,137

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Finance Leases

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Property and equipment, at cost

 

$

32,248

 

 

$

20,538

 

Accumulated depreciation

 

 

(6,386

)

 

 

(4,647

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Property and equipment, net

 

$

25,862

 

 

$

15,891

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other current liabilities

 

$

2,349

 

 

$

1,197

 

Other long-term liabilities

 

 

24,796

 

 

 

15,870

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total finance lease liabilities

 

$

27,145

 

 

$

17,067

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted Average Remaining Lease Term

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating leases

 

 

7 years

 

 

 

8 years

 

Finance leases

 

 

12 years

 

 

 

11 years

 

 

 

 

 

 

 

 

 

Weighted Average Discount Rate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating leases

 

 

3.3%

 

 

 

2.9%

 

Finance leases

 

 

3.9%

 

 

 

3.4%

 

 

 

 

 

 

 

 

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ending June 30,

Operating

 Leases

Finance

 Leases

 

 

2025

$

4,124

$

3,311

2026

3,549

3,021

2027

 

 

2,981

 

 

 

3,037

 

2028

2,405

3,026

2029

1,924

2,638

Thereafter

6,587

19,116

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total lease payments

 

21,570

34,149

Less imputed interest

(2,493

)

(7,004

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

19,077

 

$

27,145

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Name: msft_ScheduleOfMaturitiesOfOperatingAndFinanceLeasesLiabilitiesTableTextBlock
Namespace Prefix: msft_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
Name: msft_ScheduleOfSupplementalBalanceSheetInformationRelatedToLeasesTableTextBlock
Namespace Prefix: msft_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
Name: msft_ScheduleOfSupplementalCashFlowInformationRelatedToLeasesTableTextBlock
Namespace Prefix: msft_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
Name: us-gaap_LeaseCostTableTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
Name: us-gaap_LeasesAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
STOCKHOLDERS' EQUITY (Tables)
12 Months Ended
Jun. 30, 2024
Equity [Abstract]  
Shares of Common Stock Outstanding

Shares of common stock outstanding were as follows:

 

(In millions)

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

Balance, beginning of year

7,432

7,464

7,519

Issued

34

37

40

Repurchased

(32

)

(69

)

(95

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, end of year

7,434

7,432

7,464

 

 

 

 

 

 

 

 

 

Share Repurchases

We repurchased the following shares of common stock under the share repurchase programs:

 

(In millions)

Shares

Amount

Shares

Amount

 

Shares

 

Amount

 

 

 

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

 

 

 

 

First Quarter

11

 

$

3,560

17

 

$

4,600

21

 

$

6,200

Second Quarter

7

 

 

2,800

20

 

 

4,600

20

 

 

6,233

Third Quarter

7

 

 

2,800

 

18

 

 

4,600

 

26

 

 

7,800

 

Fourth Quarter

7

2,800

 

14

4,600

 

28

7,800

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

32

$

11,960

69

$

18,400

95

$

28,033

 

 

 

 

 

 

Dividends Declared

Our Board of Directors declared the following dividends:

 

Declaration Date

Record Date

 

 

Payment Date

 

Dividend

Per Share

 

 

Amount

 

 

 

Fiscal Year 2024

 

 

 

 

 

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 19, 2023

 

 

November 16, 2023

 

 

 

December 14, 2023

 

 

$

0.75

 

 

$

5,574

 

November 28, 2023

 

 

February 15, 2024

 

 

 

March 14, 2024

 

 

 

0.75

 

 

 

5,573

 

March 12, 2024

 

 

May 16, 2024

 

 

 

June 13, 2024

 

 

 

0.75

 

 

 

5,574

 

June 12, 2024

 

 

August 15, 2024

 

 

 

September 12, 2024

 

 

 

0.75

 

 

 

5,575

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

$

3.00

 

 

$

22,296

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 20, 2022

 

November 17, 2022

December 8, 2022

$

0.68

$

5,066

November 29, 2022

 

 

February 16, 2023

 

 

 

March 9, 2023

 

 

 

0.68

 

 

 

5,059

 

March 14, 2023

 

 

May 18, 2023

 

 

 

June 8, 2023

 

 

 

0.68

 

 

 

5,054

 

June 13, 2023

 

 

August 17, 2023

 

 

 

September 14, 2023

 

 

 

0.68

 

 

 

5,051

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

$

2.72

 

 

$

20,230

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

Balance, beginning of year

7,432

7,464

7,519

Issued

34

37

40

Repurchased

(32

)

(69

)

(95

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, end of year

7,434

7,432

7,464

 

 

 

 

 

 

 

 

(In millions)

Shares

Amount

Shares

Amount

 

Shares

 

Amount

 

 

 

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

 

 

 

 

First Quarter

11

 

$

3,560

17

 

$

4,600

21

 

$

6,200

Second Quarter

7

 

 

2,800

20

 

 

4,600

20

 

 

6,233

Third Quarter

7

 

 

2,800

 

18

 

 

4,600

 

26

 

 

7,800

 

Fourth Quarter

7

2,800

 

14

4,600

 

28

7,800

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

32

$

11,960

69

$

18,400

95

$

28,033

 

 

 

 

 

 

Declaration Date

Record Date

 

 

Payment Date

 

Dividend

Per Share

 

 

Amount

 

 

 

Fiscal Year 2024

 

 

 

 

 

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 19, 2023

 

 

November 16, 2023

 

 

 

December 14, 2023

 

 

$

0.75

 

 

$

5,574

 

November 28, 2023

 

 

February 15, 2024

 

 

 

March 14, 2024

 

 

 

0.75

 

 

 

5,573

 

March 12, 2024

 

 

May 16, 2024

 

 

 

June 13, 2024

 

 

 

0.75

 

 

 

5,574

 

June 12, 2024

 

 

August 15, 2024

 

 

 

September 12, 2024

 

 

 

0.75

 

 

 

5,575

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

$

3.00

 

 

$

22,296

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 20, 2022

 

November 17, 2022

December 8, 2022

$

0.68

$

5,066

November 29, 2022

 

 

February 16, 2023

 

 

 

March 9, 2023

 

 

 

0.68

 

 

 

5,059

 

March 14, 2023

 

 

May 18, 2023

 

 

 

June 8, 2023

 

 

 

0.68

 

 

 

5,054

 

June 13, 2023

 

 

August 17, 2023

 

 

 

September 14, 2023

 

 

 

0.68

 

 

 

5,051

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

$

2.72

 

 

$

20,230

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Name: msft_ShareRepurchaseProgramDisclosureTableTextBlock
Namespace Prefix: msft_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
Name: us-gaap_DividendsDeclaredTableTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
Name: us-gaap_EquityAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_ScheduleOfCommonStockOutstandingRollForwardTableTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)
12 Months Ended
Jun. 30, 2024
Equity [Abstract]  
Summary of Changes in Accumulated Other Comprehensive Income (Loss) by Component The following table summarizes the changes in accumulated other comprehensive income (loss) by component

(In millions)

 

 

 

 

 

 

Year Ended June 30,

 

2024

2023

2022

 

 

 

Derivatives

 

 

 

 

Balance, beginning of period

 

$

(27

)

 

$

(13

)

$

(19

)

Unrealized gains (losses), net of tax of $(4), $9, and $(15)

 

(14

)

34

 

(57

)

Reclassification adjustments for (gains) losses included in other income (expense), net

 

 

48

 

 

 

(61

)

 

 

79

 

Tax expense (benefit) included in provision for income taxes

 

 

(10

)

 

 

13

 

 

 

(16

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amounts reclassified from accumulated other comprehensive loss

 

38

 

(48

)

63

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net change related to derivatives, net of tax of $6, $(4), and $1

 

24

 

(14

)

6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, end of period

 

$

(3

)

 

$

(27

)

$

(13

)

 

 

 

 

 

 

 

Investments

 

 

 

 

Balance, beginning of period

 

$

(3,582

)

$

(2,138

)

$

3,222

Unrealized gains (losses), net of tax of $247, $(393), and $(1,440)

 

915

 

(1,523

)

(5,405

)

Reclassification adjustments for losses included in other income (expense), net

 

 

53

 

 

 

99

 

 

 

57

 

Tax benefit included in provision for income taxes

 

 

(11

)

 

 

(20

)

 

 

(12

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Amounts reclassified from accumulated other comprehensive loss

 

 

42

 

79

 

45

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net change related to investments, net of tax of $258, $(373), and $(1,428)

 

 

957

 

(1,444

)

(5,360

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, end of period

 

$

(2,625

)

$

(3,582

)

$

(2,138

)

 

 

 

 

 

 

 

Translation Adjustments and Other

 

 

 

 

Balance, beginning of period

 

$

(2,734

)

$

(2,527

)

$

(1,381

)

Translation adjustments and other, net of tax of $0, $0, and $0

 

 

(228

)

(207

)

(1,146

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, end of period

 

$

(2,962

)

$

(2,734

)

$

(2,527

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated other comprehensive loss, end of period

 

$

(5,590

)

$

(6,343

)

$

(4,678

)

 

 

 

 

(In millions)

 

 

 

 

 

 

Year Ended June 30,

 

2024

2023

2022

 

 

 

Derivatives

 

 

 

 

Balance, beginning of period

 

$

(27

)

 

$

(13

)

$

(19

)

Unrealized gains (losses), net of tax of $(4), $9, and $(15)

 

(14

)

34

 

(57

)

Reclassification adjustments for (gains) losses included in other income (expense), net

 

 

48

 

 

 

(61

)

 

 

79

 

Tax expense (benefit) included in provision for income taxes

 

 

(10

)

 

 

13

 

 

 

(16

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amounts reclassified from accumulated other comprehensive loss

 

38

 

(48

)

63

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net change related to derivatives, net of tax of $6, $(4), and $1

 

24

 

(14

)

6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, end of period

 

$

(3

)

 

$

(27

)

$

(13

)

 

 

 

 

 

 

 

Investments

 

 

 

 

Balance, beginning of period

 

$

(3,582

)

$

(2,138

)

$

3,222

Unrealized gains (losses), net of tax of $247, $(393), and $(1,440)

 

915

 

(1,523

)

(5,405

)

Reclassification adjustments for losses included in other income (expense), net

 

 

53

 

 

 

99

 

 

 

57

 

Tax benefit included in provision for income taxes

 

 

(11

)

 

 

(20

)

 

 

(12

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Amounts reclassified from accumulated other comprehensive loss

 

 

42

 

79

 

45

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net change related to investments, net of tax of $258, $(373), and $(1,428)

 

 

957

 

(1,444

)

(5,360

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, end of period

 

$

(2,625

)

$

(3,582

)

$

(2,138

)

 

 

 

 

 

 

 

Translation Adjustments and Other

 

 

 

 

Balance, beginning of period

 

$

(2,734

)

$

(2,527

)

$

(1,381

)

Translation adjustments and other, net of tax of $0, $0, and $0

 

 

(228

)

(207

)

(1,146

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, end of period

 

$

(2,962

)

$

(2,734

)

$

(2,527

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated other comprehensive loss, end of period

 

$

(5,590

)

$

(6,343

)

$

(4,678

)

 

 

 

 

Name: us-gaap_EquityAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
EMPLOYEE STOCK AND SAVINGS PLANS (Tables)
12 Months Ended
Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]  
Stock-Based Compensation Expense and Related Income Tax Benefits

Stock-based compensation expense and related income tax benefits were as follows:

 

(In millions)

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

Stock-based compensation expense

$

10,734

$

9,611

$

7,502

Income tax benefits related to stock-based compensation

 

1,826

 

1,651

 

1,293

 

Assumptions Used in Estimating the Fair Value of Stock Award Grants

The fair value of stock awards was estimated on the date of grant using the following assumptions:

 

 

 

 

 

 

 

Year ended June 30,

 

 

 

 

2024

 

 

 

 

2023

 

 

 

 

2022

 

 

 

 

 

Dividends per share (quarterly amounts)

$

0.68 – 0.75

 

$

0.62 – 0.68

$

0.56 – 0.62

Interest rates

3.8% – 5.6%

2.0% – 5.4%

0.03% – 3.6%

 

 

Stock Plan Activity

During fiscal year 2024, the following activity occurred under our stock plans:

 

Shares

Weighted Average

Grant-Date Fair

Value

 

 

(In millions)

Stock Awards

 

 

Nonvested balance, beginning of year

 

 

96

 

 

$

250.37

 

Granted (a)

41

 

339.46

Vested

(42

)

 

246.71

Forfeited

(7

)

 

270.59

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nonvested balance, end of year

88

$

292.28

 

 

 

 

(a)
Includes 1 million of PSUs granted at target and performance adjustments above target levels for each of the fiscal years 2024, 2023, and 2022.
Employee Purchased Shares

Employees purchased the following shares during the periods presented:

(Shares in millions)

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

Shares purchased

6

7

7

Average price per share

$

339.46

$

245.59

$

259.55

 

(In millions)

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

Stock-based compensation expense

$

10,734

$

9,611

$

7,502

Income tax benefits related to stock-based compensation

 

1,826

 

1,651

 

1,293

 

 

 

 

 

 

 

Year ended June 30,

 

 

 

 

2024

 

 

 

 

2023

 

 

 

 

2022

 

 

 

 

 

Dividends per share (quarterly amounts)

$

0.68 – 0.75

 

$

0.62 – 0.68

$

0.56 – 0.62

Interest rates

3.8% – 5.6%

2.0% – 5.4%

0.03% – 3.6%

 

 

Shares

Weighted Average

Grant-Date Fair

Value

 

 

(In millions)

Stock Awards

 

 

Nonvested balance, beginning of year

 

 

96

 

 

$

250.37

 

Granted (a)

41

 

339.46

Vested

(42

)

 

246.71

Forfeited

(7

)

 

270.59

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nonvested balance, end of year

88

$

292.28

 

 

 

(Shares in millions)

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

Shares purchased

6

7

7

Average price per share

$

339.46

$

245.59

$

259.55

 

Name: msft_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsMethodUsedTableTextBlock
Namespace Prefix: msft_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
Name: us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
Name: us-gaap_ScheduleOfCompensationCostForShareBasedPaymentArrangementsAllocationOfShareBasedCompensationCostsByPlanTableTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
Name: us-gaap_ScheduleOfShareBasedCompensationEmployeeStockPurchasePlanActivityTableTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
SEGMENT INFORMATION AND GEOGRAPHIC DATA (Tables)
12 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Segment Revenue

Segment revenue and operating income were as follows during the periods presented:

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

 

 

2024

 

 

 

2023

 

 

 

2022

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Productivity and Business Processes

 

$

77,728

 

 

$

69,274

 

 

$

63,364

 

Intelligent Cloud

 

 

105,362

 

 

 

87,907

 

 

 

74,965

 

More Personal Computing

 

 

62,032

 

 

 

54,734

 

 

 

59,941

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

245,122

 

 

$

211,915

 

 

$

198,270

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Productivity and Business Processes

$

40,540

 

$

34,189

 

$

29,690

 

Intelligent Cloud

 

49,584

37,884

 

33,203

More Personal Computing

 

19,309

 

 

16,450

 

 

20,490

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

109,433

 

$

88,523

 

$

83,383

 

 

 

 

Segment Operating Income (Loss)

Segment revenue and operating income were as follows during the periods presented:

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

 

 

2024

 

 

 

2023

 

 

 

2022

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Productivity and Business Processes

 

$

77,728

 

 

$

69,274

 

 

$

63,364

 

Intelligent Cloud

 

 

105,362

 

 

 

87,907

 

 

 

74,965

 

More Personal Computing

 

 

62,032

 

 

 

54,734

 

 

 

59,941

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

245,122

 

 

$

211,915

 

 

$

198,270

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Productivity and Business Processes

$

40,540

 

$

34,189

 

$

29,690

 

Intelligent Cloud

 

49,584

37,884

 

33,203

More Personal Computing

 

19,309

 

 

16,450

 

 

20,490

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

109,433

 

$

88,523

 

$

83,383

 

 

 

 

Revenue Classified by Major Geographic Areas Revenue, classified by the major geographic areas in which our customers were located, was as follows:

 

(In millions)

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

United States (a)

$

124,704

$

106,744

$

100,218

Other countries

120,418

105,171

98,052

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

245,122

$

211,915

$

198,270

 

 

 

 

(a)
Includes billings to OEMs and certain multinational organizations because of the nature of these businesses and the impracticability of determining the geographic source of the revenue.
Revenue Classified by Significant Product and Service Offerings

Revenue, classified by significant product and service offerings, was as follows:

 

(In millions)

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

Server products and cloud services

 

$

97,726

$

79,970

$

67,350

Office products and cloud services

54,875

 

48,848

44,970

Windows

23,244

21,507

24,732

Gaming

21,503

 

15,466

 

16,230

LinkedIn

 

16,372

 

 

14,989

 

13,631

Search and news advertising

12,576

 

12,158

 

11,526

Enterprise and partner services

 

 

7,594

 

 

 

7,900

 

 

 

7,605

 

Dynamics products and cloud services

 

 

6,481

 

 

 

5,437

 

 

 

4,687

 

Devices

4,706

5,521

7,306

Other

 

 

45

 

 

 

119

 

 

 

233

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

245,122

$

211,915

$

198,270

 

 

 

 

 

 

 

 

 

 

 

 

 

We have recast certain prior period amounts to conform to the way we internally manage and monitor our business.

Our Microsoft Cloud revenue, which includes Azure and other cloud services, Office 365 Commercial, the commercial portion of LinkedIn, Dynamics 365, and other commercial cloud properties, was $137.4 billion, $111.6 billion, and $91.4 billion in fiscal years 2024, 2023, and 2022, respectively. These amounts are primarily included in Server products and cloud services, Office products and cloud services, LinkedIn, and Dynamics products and cloud services in the table above.

Long-Lived Assets, Excluding Financial Instruments and Tax Assets, Classified by Location of Controlling Statutory Company

Long-lived assets, excluding financial instruments and tax assets, classified by the location of the controlling statutory company and with countries over 10% of the total shown separately, were as follows:

 

(In millions)

 

 

 

 

 

June 30,

2024

2023

2022

 

 

 

United States

$

186,106

$

114,380

$

106,430

Other countries

115,263

72,859

59,938

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

301,369

$

187,239

$

166,368

 

 

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

 

 

2024

 

 

 

2023

 

 

 

2022

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Productivity and Business Processes

 

$

77,728

 

 

$

69,274

 

 

$

63,364

 

Intelligent Cloud

 

 

105,362

 

 

 

87,907

 

 

 

74,965

 

More Personal Computing

 

 

62,032

 

 

 

54,734

 

 

 

59,941

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

245,122

 

 

$

211,915

 

 

$

198,270

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Productivity and Business Processes

$

40,540

 

$

34,189

 

$

29,690

 

Intelligent Cloud

 

49,584

37,884

 

33,203

More Personal Computing

 

19,309

 

 

16,450

 

 

20,490

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

109,433

 

$

88,523

 

$

83,383

 

 

 

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

 

 

2024

 

 

 

2023

 

 

 

2022

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Productivity and Business Processes

 

$

77,728

 

 

$

69,274

 

 

$

63,364

 

Intelligent Cloud

 

 

105,362

 

 

 

87,907

 

 

 

74,965

 

More Personal Computing

 

 

62,032

 

 

 

54,734

 

 

 

59,941

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

245,122

 

 

$

211,915

 

 

$

198,270

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Productivity and Business Processes

$

40,540

 

$

34,189

 

$

29,690

 

Intelligent Cloud

 

49,584

37,884

 

33,203

More Personal Computing

 

19,309

 

 

16,450

 

 

20,490

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

109,433

 

$

88,523

 

$

83,383

 

 

 

 

(In millions)

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

United States (a)

$

124,704

$

106,744

$

100,218

Other countries

120,418

105,171

98,052

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

245,122

$

211,915

$

198,270

 

 

 

(In millions)

 

 

 

 

 

Year Ended June 30,

2024

2023

2022

 

 

 

Server products and cloud services

 

$

97,726

$

79,970

$

67,350

Office products and cloud services

54,875

 

48,848

44,970

Windows

23,244

21,507

24,732

Gaming

21,503

 

15,466

 

16,230

LinkedIn

 

16,372

 

 

14,989

 

13,631

Search and news advertising

12,576

 

12,158

 

11,526

Enterprise and partner services

 

 

7,594

 

 

 

7,900

 

 

 

7,605

 

Dynamics products and cloud services

 

 

6,481

 

 

 

5,437

 

 

 

4,687

 

Devices

4,706

5,521

7,306

Other

 

 

45

 

 

 

119

 

 

 

233

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

245,122

$

211,915

$

198,270

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

 

 

 

 

 

June 30,

2024

2023

2022

 

 

 

United States

$

186,106

$

114,380

$

106,430

Other countries

115,263

72,859

59,938

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

301,369

$

187,239

$

166,368

 

 

 

Name: us-gaap_LongLivedAssetsByGeographicAreasTableTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
Name: us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
Name: us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
Name: us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
Name: us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock
Namespace Prefix: us-gaap_
Data Type: dtr-types:textBlockItemType
Balance Type: na
Period Type: duration
Name: us-gaap_SegmentReportingAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Accounting Policies - Additional Information (Detail) - USD ($)
$ in Millions
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Jul. 01, 2022
Significant Accounting Policies [Line Items]        
Description of payment terms in contract with customer Payment terms and conditions vary by contract type, although terms generally include a requirement of payment within 30 to 60 days.      
Other receivables related to purchase of components $ 10,500 $ 9,200    
Financing receivables, net 4,500 5,300    
Long-term accounts receivable, net of allowance for doubtful accounts 4,900 4,500    
Advertising expense $ 1,700 $ 904 $ 1,500  
Maximum | Reprogrammed Interchange LLC | Inflection AI, Inc        
Significant Accounting Policies [Line Items]        
Equity interest percentage 10.00%      
Maximum | Greylock Ventures | Inflection AI, Inc        
Significant Accounting Policies [Line Items]        
Equity interest percentage 10.00%      
Server Equipment | Service Life        
Significant Accounting Policies [Line Items]        
Estimated useful lives     4 years 6 years
Network Equipment | Service Life        
Significant Accounting Policies [Line Items]        
Estimated useful lives     4 years 6 years
Software        
Significant Accounting Policies [Line Items]        
Estimated useful lives 3 years      
Computer Equipment | Minimum        
Significant Accounting Policies [Line Items]        
Estimated useful lives 2 years      
Computer Equipment | Maximum        
Significant Accounting Policies [Line Items]        
Estimated useful lives 6 years      
Buildings and Improvements | Minimum        
Significant Accounting Policies [Line Items]        
Estimated useful lives 5 years      
Buildings and Improvements | Maximum        
Significant Accounting Policies [Line Items]        
Estimated useful lives 15 years      
Leasehold Improvements | Minimum        
Significant Accounting Policies [Line Items]        
Estimated useful lives 3 years      
Leasehold Improvements | Maximum        
Significant Accounting Policies [Line Items]        
Estimated useful lives 20 years      
Furniture and Fixtures | Minimum        
Significant Accounting Policies [Line Items]        
Estimated useful lives 1 year      
Furniture and Fixtures | Maximum        
Significant Accounting Policies [Line Items]        
Estimated useful lives 10 years      
Name: msft_EquityInterestPercentage
Namespace Prefix: msft_
Data Type: dtr-types:percentItemType
Balance Type: na
Period Type: instant
Name: msft_FinanceReceivablesNet
Namespace Prefix: msft_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: msft_OtherReceivablesRelatedToPurchaseOfComponents
Namespace Prefix: msft_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: msft_SignificantAccountingPoliciesLineItems
Namespace Prefix: msft_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_AccountsReceivableNetNoncurrent
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_AdvertisingExpense
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: us-gaap_PropertyPlantAndEquipmentUsefulLife
Namespace Prefix: us-gaap_
Data Type: xbrli:durationItemType
Balance Type: na
Period Type: instant
Name: us-gaap_RevenuePerformanceObligationDescriptionOfPaymentTerms
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: srt_RangeAxis=srt_MaximumMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: dei_LegalEntityAxis=msft_ReprogrammedInterchangeLLCMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=msft_InflectionAiIncMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: dei_LegalEntityAxis=msft_GreylockVenturesMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_PropertyPlantAndEquipmentByTypeAxis=msft_ServerEquipmentMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_ChangeInAccountingEstimateByTypeAxis=us-gaap_ServiceLifeMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_PropertyPlantAndEquipmentByTypeAxis=msft_NetworkEquipmentMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_SoftwareAndSoftwareDevelopmentCostsMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_ComputerEquipmentMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: srt_RangeAxis=srt_MinimumMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_BuildingAndBuildingImprovementsMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_LeaseholdImprovementsMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_FurnitureAndFixturesMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Allowance for Doubtful Accounts (Detail) - Allowance for doubtful accounts - USD ($)
$ in Millions
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Valuation And Qualifying Accounts Disclosure [Line Items]      
Balance, beginning of period $ 716 $ 710 $ 798
Charged to costs and other 386 258 157
Write-offs (218) (252) (245)
Balance, end of period 884 716 710
Accounts receivable, net of allowance for doubtful accounts      
Valuation And Qualifying Accounts Disclosure [Line Items]      
Balance, beginning of period 650 633  
Balance, end of period 830 650 633
Other Long-term Assets      
Valuation And Qualifying Accounts Disclosure [Line Items]      
Balance, beginning of period 66 77  
Balance, end of period $ 54 $ 66 $ 77
Name: msft_ValuationAllowancesAndReservesChargedToCostsAndOther
Namespace Prefix: msft_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: srt_ValuationAndQualifyingAccountsDisclosureLineItems
Namespace Prefix: srt_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_ValuationAllowancesAndReservesBalance
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_ValuationAllowancesAndReservesDeductions
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: us-gaap_ValuationAllowancesAndReservesTypeAxis=us-gaap_AllowanceForCreditLossMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_BalanceSheetLocationAxis=msft_AccountsReceivableNetMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_BalanceSheetLocationAxis=us-gaap_OtherNoncurrentAssetsMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Basic and Diluted Earnings Per Share (Detail) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Earning Per Share Basic And Diluted [Abstract]      
Net income available for common shareholders (A) $ 88,136 $ 72,361 $ 72,738
Weighted average outstanding shares of common stock (B) 7,431 7,446 7,496
Dilutive effect of stock-based awards 38 26 44
Common stock and common stock equivalents (C) 7,469 7,472 7,540
Earnings Per Share      
Basic (A/B) $ 11.86 $ 9.72 $ 9.70
Diluted (A/C) $ 11.80 $ 9.68 $ 9.65
Name: msft_EarningPerShareBasicAndDilutedAbstract
Namespace Prefix: msft_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_EarningsPerShareAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_EarningsPerShareBasic
Namespace Prefix: us-gaap_
Data Type: dtr-types:perShareItemType
Balance Type: na
Period Type: duration
Name: us-gaap_EarningsPerShareDiluted
Namespace Prefix: us-gaap_
Data Type: dtr-types:perShareItemType
Balance Type: na
Period Type: duration
Name: us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
Namespace Prefix: us-gaap_
Data Type: xbrli:sharesItemType
Balance Type: na
Period Type: duration
Name: us-gaap_NetIncomeLoss
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Namespace Prefix: us-gaap_
Data Type: xbrli:sharesItemType
Balance Type: na
Period Type: duration
Name: us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Namespace Prefix: us-gaap_
Data Type: xbrli:sharesItemType
Balance Type: na
Period Type: duration
Components of Other Income (Expense), Net (Detail) - USD ($)
$ in Millions
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Other Income and Expenses [Abstract]      
Interest and dividends income $ 3,157 $ 2,994 $ 2,094
Interest expense (2,935) (1,968) (2,063)
Net recognized gains (losses) on investments (118) 260 461
Net losses on derivatives (187) (456) (52)
Net gains (losses) on foreign currency remeasurements (244) 181 (75)
Other, net (1,319) (223) (32)
Total $ (1,646) $ 788 $ 333
Name: us-gaap_ForeignCurrencyTransactionGainLossBeforeTax
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_GainLossOnDerivativeInstrumentsNetPretax
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_GainLossOnInvestments
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_InterestExpense
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: us-gaap_InvestmentIncomeNet
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_NonoperatingIncomeExpense
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_OtherIncomeAndExpensesAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_OtherNonoperatingIncomeExpense
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Net Recognized Gains (Losses) on Debt Investments (Detail) - USD ($)
$ in Millions
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Schedule Of Gain Loss On Investments Including Marketable Securities And Investments Held At Cost Income Statement Reported Amounts Summary [Line Items]      
Realized gains from sales of available-for-sale securities $ 22 $ 36 $ 162
Realized losses from sales of available-for-sale securities (98) (124) (138)
Total (118) 260 461
Debt Securities      
Schedule Of Gain Loss On Investments Including Marketable Securities And Investments Held At Cost Income Statement Reported Amounts Summary [Line Items]      
Impairments and allowance for credit losses 23 (10) (81)
Total $ (53) $ (98) $ (57)
Name: msft_CreditLossAllowanceAndImpairmentOfInvestments
Namespace Prefix: msft_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: us-gaap_DebtSecuritiesAvailableForSaleRealizedGain
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_DebtSecuritiesAvailableForSaleRealizedLoss
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: us-gaap_GainLossOnInvestments
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_ScheduleOfGainLossOnInvestmentsIncludingMarketableSecuritiesAndInvestmentsHeldAtCostIncomeStatementReportedAmountsSummaryLineItems
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_FinancialInstrumentAxis=us-gaap_DebtSecuritiesMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Net Recognized Gains (Losses) on Equity Investments (Detail) - USD ($)
$ in Millions
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Schedule Of Gain Loss On Investments Including Marketable Securities And Investments Held At Cost Income Statement Reported Amounts Summary [Line Items]      
Net realized gains on investments sold $ 18 $ 75 $ 29
Net unrealized gains on investments still held 146 303 509
Total (118) 260 461
Equity Securities      
Schedule Of Gain Loss On Investments Including Marketable Securities And Investments Held At Cost Income Statement Reported Amounts Summary [Line Items]      
Impairments of investments (229) (20) (20)
Total $ (65) $ 358 $ 518
Name: msft_ImpairmentOfEquityInvestments
Namespace Prefix: msft_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: us-gaap_EquitySecuritiesFvNiRealizedGainLoss
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_EquitySecuritiesFvNiUnrealizedGainLoss
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_GainLossOnInvestments
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_ScheduleOfGainLossOnInvestmentsIncludingMarketableSecuritiesAndInvestmentsHeldAtCostIncomeStatementReportedAmountsSummaryLineItems
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_FinancialInstrumentAxis=us-gaap_EquitySecuritiesMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Investment Components (Detail) - USD ($)
$ in Millions
Jun. 30, 2024
Jun. 30, 2023
Cash Cash Equivalents And Investments [Line Items]    
Debt investments, Adjusted Cost Basis $ 68,209  
Debt investments, Recorded Basis 64,899  
Derivative, net 180 $ 267
Cash and cash equivalents 18,315 34,704
Short-term Investments 57,228 76,558
Equity Investments 14,600 9,879
Cash, cash equivalents, and investments 90,143 121,141
Equity Securities    
Cash Cash Equivalents And Investments [Line Items]    
Equity investments, Recorded Basis 13,661 17,325
Cash and cash equivalents 561 7,446
Short-term Investments 0 0
Equity Investments 13,100 9,879
Equity Securities | Other    
Cash Cash Equivalents And Investments [Line Items]    
Equity investments, Recorded Basis 10,114 7,187
Cash and cash equivalents 0 0
Short-term Investments 0 0
Equity Investments 10,114 7,187
Equity Securities | Level 1    
Cash Cash Equivalents And Investments [Line Items]    
Equity investments, Recorded Basis 3,547 10,138
Cash and cash equivalents 561 7,446
Short-term Investments 0 0
Equity Investments 2,986 2,692
Cash    
Cash Cash Equivalents And Investments [Line Items]    
Cash 11,571 8,478
Cash and cash equivalents 11,571 8,478
Short-term Investments 0 0
Equity Investments 0 0
Derivatives, net    
Cash Cash Equivalents And Investments [Line Items]    
Derivative, net [1] 12 6
Cash and cash equivalents [1] 0 0
Short-term Investments [1] 12 6
Equity Investments [1] 0 0
Debt Securities    
Cash Cash Equivalents And Investments [Line Items]    
Debt investments, Adjusted Cost Basis 68,209 99,869
Debt investments, Unrealized Gains 38 13
Debt investments, Unrealized Losses (3,348) (4,550)
Debt investments, Recorded Basis 64,899 95,332
Cash and cash equivalents 6,183 18,780
Short-term Investments 57,216 76,552
Equity Investments 1,500 0
Debt Securities | Commercial Paper | Level 2    
Cash Cash Equivalents And Investments [Line Items]    
Debt investments, Adjusted Cost Basis 4,666 16,589
Debt investments, Unrealized Gains 0 0
Debt investments, Unrealized Losses 0 0
Debt investments, Recorded Basis 4,666 16,589
Cash and cash equivalents 4,666 12,231
Short-term Investments 0 4,358
Equity Investments 0 0
Debt Securities | Certificates of deposit | Level 2    
Cash Cash Equivalents And Investments [Line Items]    
Debt investments, Adjusted Cost Basis 1,547 2,701
Debt investments, Unrealized Gains 0 0
Debt investments, Unrealized Losses 0 0
Debt investments, Recorded Basis 1,547 2,701
Cash and cash equivalents 1,503 2,657
Short-term Investments 44 44
Equity Investments 0 0
Debt Securities | U.S. government securities | Level 1    
Cash Cash Equivalents And Investments [Line Items]    
Debt investments, Adjusted Cost Basis 49,603 65,237
Debt investments, Unrealized Gains 4 2
Debt investments, Unrealized Losses (2,948) (3,870)
Debt investments, Recorded Basis 46,659 61,369
Cash and cash equivalents 14 2,991
Short-term Investments 46,645 58,378
Equity Investments 0 0
Debt Securities | U.S. agency securities | Level 2    
Cash Cash Equivalents And Investments [Line Items]    
Debt investments, Adjusted Cost Basis 17 2,703
Debt investments, Unrealized Gains 0 0
Debt investments, Unrealized Losses 0 0
Debt investments, Recorded Basis 17 2,703
Cash and cash equivalents 0 894
Short-term Investments 17 1,809
Equity Investments 0 0
Debt Securities | Foreign government bonds | Level 2    
Cash Cash Equivalents And Investments [Line Items]    
Debt investments, Adjusted Cost Basis 319 498
Debt investments, Unrealized Gains 3 1
Debt investments, Unrealized Losses (16) (24)
Debt investments, Recorded Basis 306 475
Cash and cash equivalents 0 0
Short-term Investments 306 475
Equity Investments 0 0
Debt Securities | Mortgage- and asset-backed securities | Level 2    
Cash Cash Equivalents And Investments [Line Items]    
Debt investments, Adjusted Cost Basis 944 824
Debt investments, Unrealized Gains 3 1
Debt investments, Unrealized Losses (35) (39)
Debt investments, Recorded Basis 912 786
Cash and cash equivalents 0 0
Short-term Investments 912 786
Equity Investments 0 0
Debt Securities | Corporate notes and bonds | Level 2    
Cash Cash Equivalents And Investments [Line Items]    
Debt investments, Adjusted Cost Basis 9,106 10,809
Debt investments, Unrealized Gains 28 8
Debt investments, Unrealized Losses (318) (583)
Debt investments, Recorded Basis 8,816 10,234
Cash and cash equivalents 0 0
Short-term Investments 8,816 10,234
Equity Investments 0 0
Debt Securities | Corporate notes and bonds | Level 3    
Cash Cash Equivalents And Investments [Line Items]    
Debt investments, Adjusted Cost Basis 1,641 120
Debt investments, Unrealized Gains 0 0
Debt investments, Unrealized Losses (1) 0
Debt investments, Recorded Basis 1,640 120
Cash and cash equivalents 0 0
Short-term Investments 140 120
Equity Investments 1,500 0
Debt Securities | Municipal securities | Level 2    
Cash Cash Equivalents And Investments [Line Items]    
Debt investments, Adjusted Cost Basis 262 285
Debt investments, Unrealized Gains 0 1
Debt investments, Unrealized Losses (13) (18)
Debt investments, Recorded Basis 249 268
Cash and cash equivalents 0 7
Short-term Investments 249 261
Equity Investments 0 0
Debt Securities | Municipal securities | Level 3    
Cash Cash Equivalents And Investments [Line Items]    
Debt investments, Adjusted Cost Basis 104 103
Debt investments, Unrealized Gains 0 0
Debt investments, Unrealized Losses (17) (16)
Debt investments, Recorded Basis 87 87
Cash and cash equivalents 0 0
Short-term Investments 87 87
Equity Investments $ 0 $ 0
[1] Refer to Note 5 – Derivatives for further information on the fair value of our derivative instruments.
[1] Refer to Note 5 – Derivatives for further information on the fair value of our derivative instruments.
Name: msft_CashCashEquivalentsAndInvestments
Namespace Prefix: msft_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: msft_CashCashEquivalentsAndInvestmentsLineItems
Namespace Prefix: msft_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_AvailableForSaleSecuritiesDebtSecurities
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_Cash
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_CashAndCashEquivalentsAtCarryingValue
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_DerivativeAssets
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_EquitySecuritiesFVNINoncurrent
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_LongTermInvestments
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_ShortTermInvestments
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_FinancialInstrumentAxis=us-gaap_EquitySecuritiesMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_MeasurementInputTypeAxis=msft_OtherMeasurementMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_FinancialInstrumentAxis=us-gaap_CashMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_FinancialInstrumentAxis=us-gaap_DerivativeMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_FairValueByAssetClassAxis=us-gaap_DebtSecuritiesMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_FinancialInstrumentAxis=us-gaap_CommercialPaperMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_FinancialInstrumentAxis=us-gaap_CertificatesOfDepositMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_FinancialInstrumentAxis=us-gaap_USTreasurySecuritiesMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_FinancialInstrumentAxis=us-gaap_USGovernmentAgenciesDebtSecuritiesMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_FinancialInstrumentAxis=us-gaap_ForeignGovernmentDebtSecuritiesMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_FinancialInstrumentAxis=us-gaap_AssetBackedSecuritiesMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_FinancialInstrumentAxis=us-gaap_CorporateDebtSecuritiesMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_FinancialInstrumentAxis=us-gaap_USStatesAndPoliticalSubdivisionsMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Investments - Additional Information (Detail) - USD ($)
$ in Billions
Jun. 30, 2024
Jun. 30, 2023
Investments, Debt and Equity Securities [Abstract]    
Equity investments without readily determinable fair values measured at cost with adjustments for observable changes in price or impairments $ 3.9 $ 4.2
Name: us-gaap_EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Unrealized Losses on Debt Investments (Detail) - USD ($)
$ in Millions
Jun. 30, 2024
Jun. 30, 2023
Unrealized Losses on Investments [Line Items]    
Less than 12 Months - Fair Value $ 2,157 $ 10,721
Less than 12 Months - Unrealized Losses (25) (398)
12 Months or Greater - Fair Value 52,432 53,598
12 Months or Greater - Unrealized Losses (3,323) (4,152)
Total Fair Value 54,589 64,319
Total Unrealized Losses (3,348) (4,550)
U.S. government and agency securities    
Unrealized Losses on Investments [Line Items]    
Less than 12 Months - Fair Value 529 7,950
Less than 12 Months - Unrealized Losses (12) (336)
12 Months or Greater - Fair Value 45,821 45,273
12 Months or Greater - Unrealized Losses (2,936) (3,534)
Total Fair Value 46,350 53,223
Total Unrealized Losses (2,948) (3,870)
Foreign government bonds    
Unrealized Losses on Investments [Line Items]    
Less than 12 Months - Fair Value 79 77
Less than 12 Months - Unrealized Losses (2) (5)
12 Months or Greater - Fair Value 180 391
12 Months or Greater - Unrealized Losses (14) (19)
Total Fair Value 259 468
Total Unrealized Losses (16) (24)
Mortgage- and asset-backed securities    
Unrealized Losses on Investments [Line Items]    
Less than 12 Months - Fair Value 201 257
Less than 12 Months - Unrealized Losses (1) (5)
12 Months or Greater - Fair Value 409 412
12 Months or Greater - Unrealized Losses (34) (34)
Total Fair Value 610 669
Total Unrealized Losses (35) (39)
Corporate notes and bonds    
Unrealized Losses on Investments [Line Items]    
Less than 12 Months - Fair Value 1,310 2,326
Less than 12 Months - Unrealized Losses (9) (49)
12 Months or Greater - Fair Value 5,779 7,336
12 Months or Greater - Unrealized Losses (310) (534)
Total Fair Value 7,089 9,662
Total Unrealized Losses (319) (583)
Municipal securities    
Unrealized Losses on Investments [Line Items]    
Less than 12 Months - Fair Value 38 111
Less than 12 Months - Unrealized Losses (1) (3)
12 Months or Greater - Fair Value 243 186
12 Months or Greater - Unrealized Losses (29) (31)
Total Fair Value 281 297
Total Unrealized Losses $ (30) $ (34)
Name: msft_InvestmentsUnrealizedLossPositionLineItems
Namespace Prefix: msft_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPosition
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_FinancialInstrumentAxis=us-gaap_USTreasuryAndGovernmentMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_FinancialInstrumentAxis=us-gaap_ForeignGovernmentDebtSecuritiesMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_FinancialInstrumentAxis=us-gaap_AssetBackedSecuritiesMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_FinancialInstrumentAxis=us-gaap_CorporateDebtSecuritiesMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_FinancialInstrumentAxis=us-gaap_USStatesAndPoliticalSubdivisionsMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Debt Investment Maturities (Detail)
$ in Millions
Jun. 30, 2024
USD ($)
Adjusted Cost Basis  
Due in one year or less $ 19,815
Due after one year through five years 38,954
Due after five years through 10 years 8,028
Due after 10 years 1,412
Debt investments, Adjusted Cost Basis 68,209
Estimated Fair Value  
Due in one year or less 19,596
Due after one year through five years 36,779
Due after five years through 10 years 7,242
Due after 10 years 1,282
Total $ 64,899
Name: us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAmortizedCostBasisRollingMaturityAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_AvailableForSaleSecuritiesDebtMaturitiesFairValueRollingMaturityAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsAmortizedCostBasis
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenAmortizedCostBasis
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenFairValue
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenAmortizedCostBasis
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveAmortizedCostBasis
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_AvailableForSaleSecuritiesDebtSecurities
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Derivatives - Additional Information (Detail) - USD ($)
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Derivative [Line Items]    
Minimum required liquidity under certain counterparty agreements $ 1,000,000,000  
Minimum liquidity for the period as defined by certain counterparty agreements 1,000,000,000  
Gross amounts of derivative assets, elected to offset 304,000,000 $ 442,000,000
Gross amounts of derivative liabilities, elected to offset $ 800,000,000 $ 804,000,000
Senior Unsecured Obligations    
Derivative [Line Items]    
Debt instrument credit rating AAA  
Name: msft_FinancialInstrumentCovenantMinimumLiquidity
Namespace Prefix: msft_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: msft_FinancialInstrumentCovenantMinimumLiquidityRequirement
Namespace Prefix: msft_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: us-gaap_DebtInstrumentCreditRating
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_DerivativeFairValueOfDerivativeAsset
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_DerivativeFairValueOfDerivativeLiability
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_DerivativeLineItems
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_LongtermDebtTypeAxis=us-gaap_UnsecuredDebtMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Notional Amounts of Outstanding Derivative Instruments Measured in U.S. Dollar Equivalents (Detail) - USD ($)
$ in Millions
Jun. 30, 2024
Jun. 30, 2023
Designated as Hedging Instruments | Foreign Exchange Contracts | Derivatives Purchased    
Derivative [Line Items]    
Notional amounts $ 1,492 $ 1,492
Designated as Hedging Instruments | Interest Rate Contracts | Derivatives Purchased    
Derivative [Line Items]    
Notional amounts 1,100 1,078
Not Designated as Hedging Instruments | Foreign Exchange Contracts | Derivatives Purchased    
Derivative [Line Items]    
Notional amounts 7,167 7,874
Not Designated as Hedging Instruments | Foreign Exchange Contracts | Derivatives Sold    
Derivative [Line Items]    
Notional amounts 31,793 25,159
Not Designated as Hedging Instruments | Equity Contracts | Derivatives Purchased    
Derivative [Line Items]    
Notional amounts 4,016 3,867
Not Designated as Hedging Instruments | Equity Contracts | Derivatives Sold    
Derivative [Line Items]    
Notional amounts 2,165 2,154
Not Designated as Hedging Instruments | Other Contracts | Derivatives Purchased    
Derivative [Line Items]    
Notional amounts 2,113 1,224
Not Designated as Hedging Instruments | Other Contracts | Derivatives Sold    
Derivative [Line Items]    
Notional amounts $ 811 $ 581
Name: us-gaap_DerivativeLineItems
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_DerivativeNotionalAmount
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: na
Period Type: instant
Name: us-gaap_HedgingDesignationAxis=us-gaap_DesignatedAsHedgingInstrumentMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_DerivativeInstrumentRiskAxis=us-gaap_ForeignExchangeContractMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_PositionAxis=us-gaap_LongMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateContractMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_PositionAxis=us-gaap_ShortMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_DerivativeInstrumentRiskAxis=us-gaap_EquityContractMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_DerivativeInstrumentRiskAxis=us-gaap_OtherContractMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Fair Values of Derivative Instruments (Detail) - USD ($)
$ in Millions
Jun. 30, 2024
Jun. 30, 2023
Derivatives Fair Value [Line Items]    
Derivative Assets $ 331 $ 469
Gross amounts of derivatives offset in the balance sheets, assets (151) (202)
Cash collateral received, assets 0 0
Net amounts of derivatives, assets $ 180 $ 267
Derivative Asset, Current, Statement of Financial Position [Extensible Enumeration] Other current assets Other current assets
Derivative Asset, Noncurrent, Statement of Financial Position [Extensible Enumeration] Other long-term assets Other long-term assets
Derivative Liabilities $ (800) $ (805)
Gross amounts of derivatives offset in the balance sheet, liabilities 152 206
Cash collateral received, liabilities (104) (125)
Net amounts of derivatives, liabilities $ (752) $ (724)
Derivative Liability, Statement of Financial Position [Extensible Enumeration] Other current liabilities Other current liabilities
Derivative Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration] Other long-term liabilities Other long-term liabilities
Derivative Asset Statement of Financial Position [Extensible Enumeration not Disclosed Flag] Net amounts of derivatives, assets Net amounts of derivatives, assets
Derivative Liability Statement of Financial Position [Extensible Enumeration not Disclosed Flag] Net amounts of derivatives, liabilities Net amounts of derivatives, liabilities
Level 1    
Derivatives Fair Value [Line Items]    
Derivative Assets $ 0 $ 0
Derivative Liabilities (1) 0
Level 2    
Derivatives Fair Value [Line Items]    
Derivative Assets 327 462
Derivative Liabilities (799) (805)
Level 3    
Derivatives Fair Value [Line Items]    
Derivative Assets 4 7
Derivative Liabilities 0 0
Designated as Hedging Instruments | Foreign Exchange Contracts    
Derivatives Fair Value [Line Items]    
Derivative Assets 24 34
Derivative Liabilities (76) (67)
Designated as Hedging Instruments | Interest Rate Contracts    
Derivatives Fair Value [Line Items]    
Derivative Assets 19 16
Derivative Liabilities 0 0
Not Designated as Hedging Instruments | Foreign Exchange Contracts    
Derivatives Fair Value [Line Items]    
Derivative Assets 213 249
Derivative Liabilities (230) (332)
Not Designated as Hedging Instruments | Equity Contracts    
Derivatives Fair Value [Line Items]    
Derivative Assets 63 165
Derivative Liabilities (491) (400)
Not Designated as Hedging Instruments | Other Contracts    
Derivatives Fair Value [Line Items]    
Derivative Assets 12 5
Derivative Liabilities (3) (6)
Short-term Investments    
Derivatives Fair Value [Line Items]    
Net amounts of derivatives, assets 12 6
Other Current Assets    
Derivatives Fair Value [Line Items]    
Net amounts of derivatives, assets 149 245
Other Long-term Assets    
Derivatives Fair Value [Line Items]    
Net amounts of derivatives, assets 19 16
Other Current Liabilities    
Derivatives Fair Value [Line Items]    
Net amounts of derivatives, liabilities (401) (341)
Other Long-term Liabilities    
Derivatives Fair Value [Line Items]    
Net amounts of derivatives, liabilities $ (351) $ (383)
Name: msft_DerivativeAssetStatementOfFinancialPositionExtensibleEnumerationNotDisclosedFlag
Namespace Prefix: msft_
Data Type: enum2:enumerationSetItemType
Balance Type: na
Period Type: instant
Name: msft_DerivativeLiabilityStatementOfFinancialPositionExtensibleEnumerationNotDisclosedFlag
Namespace Prefix: msft_
Data Type: enum2:enumerationSetItemType
Balance Type: na
Period Type: instant
Name: us-gaap_DerivativeAssetCurrentStatementOfFinancialPositionExtensibleEnumeration
Namespace Prefix: us-gaap_
Data Type: enum2:enumerationSetItemType
Balance Type: na
Period Type: instant
Name: us-gaap_DerivativeAssetFairValueGrossAssetIncludingNotSubjectToMasterNettingArrangement
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_DerivativeAssetFairValueGrossLiability
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_DerivativeAssetNoncurrentStatementOfFinancialPositionExtensibleEnumeration
Namespace Prefix: us-gaap_
Data Type: enum2:enumerationSetItemType
Balance Type: na
Period Type: instant
Name: us-gaap_DerivativeAssets
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_DerivativeCollateralObligationToReturnCash
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_DerivativeCollateralRightToReclaimCash
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_DerivativeLiabilities
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_DerivativeLiabilityFairValueGrossAsset
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_DerivativeLiabilityFairValueGrossLiabilityIncludingNotSubjectToMasterNettingArrangement
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_DerivativeLiabilityNoncurrentStatementOfFinancialPositionExtensibleEnumeration
Namespace Prefix: us-gaap_
Data Type: enum2:enumerationSetItemType
Balance Type: na
Period Type: instant
Name: us-gaap_DerivativeLiabilityStatementOfFinancialPositionExtensibleEnumeration
Namespace Prefix: us-gaap_
Data Type: enum2:enumerationSetItemType
Balance Type: na
Period Type: instant
Name: us-gaap_DerivativesFairValueLineItems
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_HedgingDesignationAxis=us-gaap_DesignatedAsHedgingInstrumentMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_DerivativeInstrumentRiskAxis=us-gaap_ForeignExchangeContractMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateContractMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_DerivativeInstrumentRiskAxis=us-gaap_EquityContractMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_DerivativeInstrumentRiskAxis=us-gaap_OtherContractMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_BalanceSheetLocationAxis=us-gaap_ShortTermInvestmentsMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_BalanceSheetLocationAxis=us-gaap_OtherCurrentAssetsMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_BalanceSheetLocationAxis=us-gaap_OtherNoncurrentAssetsMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_BalanceSheetLocationAxis=us-gaap_OtherCurrentLiabilitiesMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_BalanceSheetLocationAxis=us-gaap_OtherNoncurrentLiabilitiesMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Gains (Losses) on Derivative Instruments Recognized in Other Income (Expense), Net (Detail) - Other Income (Expense), Net - USD ($)
$ in Millions
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Foreign Exchange Contracts      
Derivative Instruments, Gain (Loss) [Line Items]      
Gains (Losses) on Derivatives Not Designated as Hedges $ 367 $ (73) $ 383
Equity Contracts      
Derivative Instruments, Gain (Loss) [Line Items]      
Gains (Losses) on Derivatives Not Designated as Hedges (177) (420) 13
Other Contracts      
Derivative Instruments, Gain (Loss) [Line Items]      
Gains (Losses) on Derivatives Not Designated as Hedges (15) (41) (85)
Fair Value Hedges | Foreign Exchange Contracts      
Derivative Instruments, Gain (Loss) [Line Items]      
Derivatives 0 0 49
Hedged items 0 0 (50)
Excluded from effectiveness assessment 0 0 4
Fair Value Hedges | Interest Rate Contracts      
Derivative Instruments, Gain (Loss) [Line Items]      
Derivatives (23) (65) (92)
Hedged items (25) 38 108
Cash Flow Hedges | Foreign Exchange Contracts      
Derivative Instruments, Gain (Loss) [Line Items]      
Amount reclassified from accumulated other comprehensive loss $ (48) $ 61 $ (79)
Name: us-gaap_ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_ChangeInUnrealizedGainLossOnHedgedItemInFairValueHedge1
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_DerivativeInstrumentsGainLossLineItems
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_GainLossFromComponentsExcludedFromAssessmentOfFairValueHedgeEffectivenessNet
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: us-gaap_IncomeStatementLocationAxis=us-gaap_NonoperatingIncomeExpenseMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_DerivativeInstrumentRiskAxis=us-gaap_ForeignExchangeContractMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_DerivativeInstrumentRiskAxis=us-gaap_EquityContractMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_DerivativeInstrumentRiskAxis=us-gaap_OtherContractMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis=us-gaap_FairValueHedgingMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateContractMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis=us-gaap_CashFlowHedgingMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Gains (Losses), Net of Tax, on Derivative Instruments Recognized in Consolidated Comprehensive Income Statements (Detail) - USD ($)
$ in Millions
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Cash Flow Hedges | Foreign Exchange Contracts      
Derivative Instruments, Gain (Loss) [Line Items]      
Included in effectiveness assessment $ (14) $ 34 $ (57)
Name: us-gaap_DerivativeInstrumentsGainLossLineItems
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis=us-gaap_CashFlowHedgingMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_DerivativeInstrumentRiskAxis=us-gaap_ForeignExchangeContractMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Components of Inventories (Detail) - USD ($)
$ in Millions
Jun. 30, 2024
Jun. 30, 2023
Inventory Disclosure [Abstract]    
Raw materials $ 394 $ 709
Work in process 7 23
Finished goods 845 1,768
Total $ 1,246 $ 2,500
Name: us-gaap_InventoryDisclosureAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_InventoryFinishedGoodsNetOfReserves
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_InventoryNet
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_InventoryRawMaterialsNetOfReserves
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_InventoryWorkInProcessNetOfReserves
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Components of Property and Equipment (Detail) - USD ($)
$ in Millions
Jun. 30, 2024
Jun. 30, 2023
Property, Plant and Equipment [Abstract]    
Land $ 8,163 $ 5,683
Buildings and improvements 93,943 68,465
Leasehold improvements 9,594 8,537
Computer equipment and software 93,780 74,961
Furniture and equipment 6,532 6,246
Total, at cost 212,012 163,892
Accumulated depreciation (76,421) (68,251)
Property and equipment, net $ 135,591 $ 95,641
Name: msft_ComputerHardwareAndSoftware
Namespace Prefix: msft_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_BuildingsAndImprovementsGross
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_FurnitureAndFixturesGross
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_Land
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_LeaseholdImprovementsGross
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_PropertyPlantAndEquipmentAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_PropertyPlantAndEquipmentGross
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_PropertyPlantAndEquipmentNet
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Property and Equipment - Additional Information (Detail) - USD ($)
$ in Billions
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Property, Plant and Equipment [Line Items]      
Depreciation expense $ 15.2 $ 11.0 $ 12.6
Building, Building Improvements and Leasehold Improvements      
Property, Plant and Equipment [Line Items]      
Committed for construction of new buildings, building improvements and leasehold improvements $ 35.4    
Name: us-gaap_CommitmentsFairValueDisclosure
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_Depreciation
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: us-gaap_PropertyPlantAndEquipmentLineItems
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_PropertyPlantAndEquipmentByTypeAxis=msft_BuildingBuildingImprovementsAndLeaseholdImprovementsMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Business Combinations - Additional Information (Detail) - USD ($)
$ in Billions
Oct. 13, 2023
Mar. 04, 2022
Activision Blizzard, Inc.    
Business Acquisition [Line Items]    
Total consideration transferred $ 75.4  
Acquisition date Oct. 13, 2023  
Nuance Communications Inc.    
Business Acquisition [Line Items]    
Acquisition agreement date   Mar. 04, 2022
Total consideration transferred   $ 18.8
Name: us-gaap_BusinessAcquisitionDateOfAcquisitionAgreement1
Namespace Prefix: us-gaap_
Data Type: xbrli:dateItemType
Balance Type: na
Period Type: duration
Name: us-gaap_BusinessAcquisitionEffectiveDateOfAcquisition1
Namespace Prefix: us-gaap_
Data Type: xbrli:dateItemType
Balance Type: na
Period Type: duration
Name: us-gaap_BusinessAcquisitionLineItems
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_BusinessCombinationConsiderationTransferred1
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_BusinessAcquisitionAxis=msft_ActivisionBlizzardIncMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_BusinessAcquisitionAxis=msft_NuanceCommunicationsIncMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Major Classes of Assets and Liabilities Allocated Purchase Price (Detail) - USD ($)
$ in Millions
Jun. 30, 2024
Oct. 13, 2023
Jun. 30, 2023
Jun. 30, 2022
Mar. 04, 2022
Business Acquisition [Line Items]          
Goodwill $ 119,220   $ 67,886 $ 67,524  
Activision Blizzard, Inc.          
Business Acquisition [Line Items]          
Cash and cash equivalents   $ 12,976      
Goodwill   50,969      
Intangible assets $ 22,000 21,969      
Other assets   2,501      
Long-term debt   (2,799)      
Long-term income taxes   (1,914)      
Deferred income taxes   (4,677)      
Other liabilities   (3,617)      
Total purchase price   $ 75,408      
Nuance Communications Inc.          
Business Acquisition [Line Items]          
Goodwill [1]         $ 16,326
Intangible assets         4,365
Other assets         42
Other liabilities [2]         (1,972)
Total purchase price         $ 18,761
[1] Goodwill was assigned to our Intelligent Cloud segment and was primarily attributed to increased synergies that are expected to be achieved from the integration of Nuance. None of the goodwill is expected to be deductible for income tax purposes.
[2] Includes $986 million of convertible senior notes issued by Nuance in 2015 and 2017, substantially all of which have been redeemed.
[1] Goodwill was assigned to our Intelligent Cloud segment and was primarily attributed to increased synergies that are expected to be achieved from the integration of Nuance. None of the goodwill is expected to be deductible for income tax purposes.
[2] Includes $986 million of convertible senior notes issued by Nuance in 2015 and 2017, substantially all of which have been redeemed.
Name: msft_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIncomeTaxLiabilitiesNoncurrent
Namespace Prefix: msft_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: msft_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherAssets
Namespace Prefix: msft_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: msft_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherLiabilities
Namespace Prefix: msft_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_BusinessAcquisitionLineItems
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDeferredTaxLiabilities
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_Goodwill
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_BusinessAcquisitionAxis=msft_ActivisionBlizzardIncMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_BusinessAcquisitionAxis=msft_NuanceCommunicationsIncMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Major Classes of Assets and Liabilities Allocated Purchase Price (Parenthetical) (Detail)
$ in Millions
Mar. 04, 2022
USD ($)
Nuance Communications Inc.  
Business Acquisition [Line Items]  
Redeemed debt $ 986
Name: us-gaap_BusinessAcquisitionLineItems
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_ExtinguishmentOfDebtAmount
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: dei_LegalEntityAxis=msft_NuanceCommunicationsIncMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Acquired Intangible Assets (Detail) - USD ($)
$ in Millions
12 Months Ended
Oct. 13, 2023
Mar. 04, 2022
Jun. 30, 2024
Jun. 30, 2023
Acquired Finite-Lived Intangible Assets [Line Items]        
Weighted Average Life     14 years 6 years
Marketing-related        
Acquired Finite-Lived Intangible Assets [Line Items]        
Weighted Average Life     24 years 5 years
Technology-based        
Acquired Finite-Lived Intangible Assets [Line Items]        
Weighted Average Life     4 years 7 years
Customer-related        
Acquired Finite-Lived Intangible Assets [Line Items]        
Weighted Average Life     4 years 0 years
Activision Blizzard, Inc.        
Acquired Finite-Lived Intangible Assets [Line Items]        
Fair value of intangible assets acquired $ 21,969   $ 22,000  
Weighted Average Life 15 years      
Activision Blizzard, Inc. | Marketing-related        
Acquired Finite-Lived Intangible Assets [Line Items]        
Fair value of intangible assets acquired $ 11,619      
Weighted Average Life 24 years      
Activision Blizzard, Inc. | Technology-based        
Acquired Finite-Lived Intangible Assets [Line Items]        
Fair value of intangible assets acquired $ 9,689      
Weighted Average Life 4 years      
Activision Blizzard, Inc. | Customer-related        
Acquired Finite-Lived Intangible Assets [Line Items]        
Fair value of intangible assets acquired $ 661      
Weighted Average Life 4 years      
Nuance Communications Inc.        
Acquired Finite-Lived Intangible Assets [Line Items]        
Fair value of intangible assets acquired   $ 4,365    
Weighted Average Life   7 years    
Nuance Communications Inc. | Marketing-related        
Acquired Finite-Lived Intangible Assets [Line Items]        
Fair value of intangible assets acquired   $ 215    
Weighted Average Life   4 years    
Nuance Communications Inc. | Technology-based        
Acquired Finite-Lived Intangible Assets [Line Items]        
Fair value of intangible assets acquired   $ 1,540    
Weighted Average Life   5 years    
Nuance Communications Inc. | Customer-related        
Acquired Finite-Lived Intangible Assets [Line Items]        
Fair value of intangible assets acquired   $ 2,610    
Weighted Average Life   9 years    
Name: us-gaap_AcquiredFiniteLivedIntangibleAssetsLineItems
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
Namespace Prefix: us-gaap_
Data Type: xbrli:durationItemType
Balance Type: na
Period Type: duration
Name: us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=us-gaap_MarketingRelatedIntangibleAssetsMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=us-gaap_TechnologyBasedIntangibleAssetsMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=us-gaap_CustomerRelationshipsMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_BusinessAcquisitionAxis=msft_ActivisionBlizzardIncMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_BusinessAcquisitionAxis=msft_NuanceCommunicationsIncMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Impact of Acquistion on Consolidated Income Statements (Detail) - Activision Blizzard, Inc.
$ in Millions
12 Months Ended
Jun. 30, 2024
USD ($)
Business Acquisition [Line Items]  
Revenue $ 5,729
Operating loss $ (1,362)
Name: us-gaap_BusinessAcquisitionLineItems
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_BusinessAcquisitionAxis=msft_ActivisionBlizzardIncMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Supplemental Consolidated Financial Results on Unaudited Pro Forma Basis (Detail) - Activision Blizzard, Inc. - USD ($)
$ / shares in Units, $ in Millions
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Business Acquisition [Line Items]    
Revenue $ 247,442 $ 219,790
Net income $ 88,308 $ 71,383
Diluted earnings per share $ 11.82 $ 9.55
Name: us-gaap_BusinessAcquisitionLineItems
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_BusinessAcquisitionProFormaEarningsPerShareDiluted
Namespace Prefix: us-gaap_
Data Type: dtr-types:perShareItemType
Balance Type: na
Period Type: duration
Name: us-gaap_BusinessAcquisitionsProFormaNetIncomeLoss
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_BusinessAcquisitionsProFormaRevenue
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_BusinessAcquisitionAxis=msft_ActivisionBlizzardIncMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Carrying Amount of Goodwill (Detail) - USD ($)
$ in Millions
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Goodwill [Line Items]    
Beginning Balance $ 67,886 $ 67,524
Acquisitions 51,235 234
Other 99 128
Ending Balance 119,220 67,886
Productivity and Business Processes    
Goodwill [Line Items]    
Beginning Balance 24,775 24,811
Acquisitions 0 11
Other 2 (47)
Ending Balance 24,777 24,775
Intelligent Cloud    
Goodwill [Line Items]    
Beginning Balance 30,469 30,182
Acquisitions 0 223
Other (28) 64
Ending Balance 30,441 30,469
More Personal Computing    
Goodwill [Line Items]    
Beginning Balance 12,642 12,531
Acquisitions 51,235 [1] 0
Other 125 [1] 111
Ending Balance $ 64,002 $ 12,642
[1] Includes goodwill of $51.0 billion related to Activision Blizzard. See Note 8 – Business Combinations for further information.
[1] Includes goodwill of $51.0 billion related to Activision Blizzard. See Note 8 – Business Combinations for further information.
Name: us-gaap_Goodwill
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_GoodwillAcquiredDuringPeriod
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: us-gaap_GoodwillLineItems
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_GoodwillOtherIncreaseDecrease
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: us-gaap_StatementBusinessSegmentsAxis=msft_ProductivityAndBusinessProcessesMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_StatementBusinessSegmentsAxis=msft_IntelligentCloudMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_StatementBusinessSegmentsAxis=msft_MorePersonalComputingMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Carrying Amount of Goodwill (Parenthetical) (Detail) - USD ($)
$ in Millions
Jun. 30, 2024
Oct. 13, 2023
Jun. 30, 2023
Jun. 30, 2022
Goodwill [Line Items]        
Goodwill $ 119,220   $ 67,886 $ 67,524
Activision Blizzard, Inc.        
Goodwill [Line Items]        
Goodwill   $ 50,969    
Name: us-gaap_Goodwill
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_GoodwillLineItems
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_BusinessAcquisitionAxis=msft_ActivisionBlizzardIncMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Goodwill - Additional Information (Detail) - USD ($)
May 01, 2024
May 01, 2023
May 01, 2022
Jun. 30, 2024
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]          
Goodwill impairment charge $ 0 $ 0 $ 0    
Accumulated goodwill impairment       $ 11,300,000,000 $ 11,300,000,000
Name: us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_GoodwillImpairedAccumulatedImpairmentLoss
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_GoodwillImpairmentLoss
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Finite-Lived Intangible Assets (Detail) - USD ($)
$ in Millions
Jun. 30, 2024
Jun. 30, 2023
Finite-Lived Intangible Assets [Line Items]    
Gross Carrying Amount $ 44,509 [1] $ 23,490
Accumulated Amortization (16,912) (14,124)
Net Carrying Amount 27,597 9,366
Marketing-related    
Finite-Lived Intangible Assets [Line Items]    
Gross Carrying Amount 16,500 4,935
Accumulated Amortization (3,101) (2,473)
Net Carrying Amount 13,399 2,462
Technology-based    
Finite-Lived Intangible Assets [Line Items]    
Gross Carrying Amount 21,913 11,245
Accumulated Amortization (10,741) (7,589)
Net Carrying Amount 11,172 3,656
Customer-related    
Finite-Lived Intangible Assets [Line Items]    
Gross Carrying Amount 6,038 7,281
Accumulated Amortization (3,051) (4,047)
Net Carrying Amount 2,987 3,234
Contract-based    
Finite-Lived Intangible Assets [Line Items]    
Gross Carrying Amount 58 29
Accumulated Amortization (19) (15)
Net Carrying Amount $ 39 $ 14
[1] Includes intangible assets of $22.0 billion related to Activision Blizzard. See Note 8 – Business Combinations for further information.
[1] Includes intangible assets of $22.0 billion related to Activision Blizzard. See Note 8 – Business Combinations for further information.
Name: us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_FiniteLivedIntangibleAssetsGross
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_FiniteLivedIntangibleAssetsLineItems
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_FiniteLivedIntangibleAssetsNet
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=us-gaap_MarketingRelatedIntangibleAssetsMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=us-gaap_TechnologyBasedIntangibleAssetsMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=us-gaap_CustomerRelationshipsMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=us-gaap_ContractualRightsMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Finite-Lived Intangible Assets (Parenthetical) (Detail) - USD ($)
$ in Millions
Jun. 30, 2024
Oct. 13, 2023
Activision Blizzard, Inc.    
Finite-Lived Intangible Assets [Line Items]    
Intangible assets $ 22,000 $ 21,969
Name: us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_FiniteLivedIntangibleAssetsLineItems
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_BusinessAcquisitionAxis=msft_ActivisionBlizzardIncMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Intangible Assets Acquired (Detail) - USD ($)
$ in Millions
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Acquired Finite-Lived Intangible Assets [Line Items]    
Amount $ 23,264 $ 541
Weighted Average Life 14 years 6 years
Marketing-related    
Acquired Finite-Lived Intangible Assets [Line Items]    
Amount $ 11,619 $ 7
Weighted Average Life 24 years 5 years
Technology-based    
Acquired Finite-Lived Intangible Assets [Line Items]    
Amount $ 10,947 $ 522
Weighted Average Life 4 years 7 years
Customer-related    
Acquired Finite-Lived Intangible Assets [Line Items]    
Amount $ 660 $ 0
Weighted Average Life 4 years 0 years
Contract-based    
Acquired Finite-Lived Intangible Assets [Line Items]    
Amount $ 38 $ 12
Weighted Average Life 4 years 3 years
Name: us-gaap_AcquiredFiniteLivedIntangibleAssetsLineItems
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
Namespace Prefix: us-gaap_
Data Type: xbrli:durationItemType
Balance Type: na
Period Type: duration
Name: us-gaap_FinitelivedIntangibleAssetsAcquired1
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=us-gaap_MarketingRelatedIntangibleAssetsMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=us-gaap_TechnologyBasedIntangibleAssetsMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=us-gaap_CustomerRelationshipsMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=us-gaap_ContractualRightsMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Intangible Assets - Additional Information (Detail) - USD ($)
$ in Billions
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]      
Intangible assets amortization expense $ 4.8 $ 2.5 $ 2.0
Name: us-gaap_AmortizationOfIntangibleAssets
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Estimated Future Amortization Expense Related to Intangible Assets (Detail) - USD ($)
$ in Millions
Jun. 30, 2024
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]    
Year Ending June 30, 2025 $ 5,892  
Year Ending June 30, 2026 4,471  
Year Ending June 30, 2027 2,793  
Year Ending June 30, 2028 1,909  
Year Ending June 30, 2029 1,728  
Thereafter 10,804  
Net Carrying Amount $ 27,597 $ 9,366
Name: us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_FiniteLivedIntangibleAssetsNet
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Components of Long-term Debt (Detail) - USD ($)
$ in Millions
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Debt Instrument [Line Items]    
Total face value $ 51,221 $ 52,866
Unamortized discount and issuance costs (1,227) (438)
Hedge fair value adjustments [1] (81) (106)
Premium on debt exchange (4,976) (5,085)
Total debt 44,937 47,237
Current portion of long-term debt (2,249) (5,247)
Long-term debt $ 42,688 41,990
2009 Issuance of $3.8 billion    
Debt Instrument [Line Items]    
Maturities (calendar year) 2039  
Stated Interest Rate 5.20%  
Effective Interest Rate 5.24%  
Total face value $ 520 520
2010 Issuance of $4.8 billion    
Debt Instrument [Line Items]    
Maturities (calendar year) 2040  
Stated Interest Rate 4.50%  
Effective Interest Rate 4.57%  
Total face value $ 486 486
2011 Issuance of $2.3 billion    
Debt Instrument [Line Items]    
Maturities (calendar year) 2041  
Stated Interest Rate 5.30%  
Effective Interest Rate 5.36%  
Total face value $ 718 718
2012 Issuance of $2.3 billion    
Debt Instrument [Line Items]    
Maturities (calendar year) 2042  
Stated Interest Rate 3.50%  
Effective Interest Rate 3.57%  
Total face value $ 454 454
2013 Issuance of $5.2 billion    
Debt Instrument [Line Items]    
Maturities (calendar year) 2043  
Total face value $ 314 1,814
2013 Issuance of $5.2 billion | Minimum    
Debt Instrument [Line Items]    
Stated Interest Rate 3.75%  
Effective Interest Rate 3.83%  
2013 Issuance of $5.2 billion | Maximum    
Debt Instrument [Line Items]    
Stated Interest Rate 4.88%  
Effective Interest Rate 4.92%  
2013 Issuance of €4.1 billion    
Debt Instrument [Line Items]    
Total face value $ 2,465 2,509
2013 Issuance of €4.1 billion | Minimum    
Debt Instrument [Line Items]    
Maturities (calendar year) 2028  
Stated Interest Rate 2.63%  
Effective Interest Rate 2.69%  
2013 Issuance of €4.1 billion | Maximum    
Debt Instrument [Line Items]    
Maturities (calendar year) 2033  
Stated Interest Rate 3.13%  
Effective Interest Rate 3.22%  
2015 Issuance of $23.8 billion    
Debt Instrument [Line Items]    
Total face value $ 9,805 9,805
2015 Issuance of $23.8 billion | Minimum    
Debt Instrument [Line Items]    
Maturities (calendar year) 2025  
Stated Interest Rate 2.70%  
Effective Interest Rate 2.77%  
2015 Issuance of $23.8 billion | Maximum    
Debt Instrument [Line Items]    
Maturities (calendar year) 2055  
Stated Interest Rate 4.75%  
Effective Interest Rate 4.78%  
2016 Issuance of $19.8 billion    
Debt Instrument [Line Items]    
Total face value $ 7,930 9,430
2016 Issuance of $19.8 billion | Minimum    
Debt Instrument [Line Items]    
Maturities (calendar year) 2026  
Stated Interest Rate 2.40%  
Effective Interest Rate 2.46%  
2016 Issuance of $19.8 billion | Maximum    
Debt Instrument [Line Items]    
Maturities (calendar year) 2056  
Stated Interest Rate 3.95%  
Effective Interest Rate 4.03%  
2017 Issuance of $17.1 billion    
Debt Instrument [Line Items]    
Total face value [2] $ 6,833 8,945
2017 Issuance of $17.1 billion | Minimum    
Debt Instrument [Line Items]    
Maturities (calendar year) [2] 2026  
Stated Interest Rate [2] 3.30%  
Effective Interest Rate [2] 3.38%  
2017 Issuance of $17.1 billion | Maximum    
Debt Instrument [Line Items]    
Maturities (calendar year) [2] 2057  
Stated Interest Rate [2] 4.50%  
Effective Interest Rate [2] 5.49%  
2020 Issuance of $10.1 billion    
Debt Instrument [Line Items]    
Total face value [2] $ 10,111 10,000
2020 Issuance of $10.1 billion | Minimum    
Debt Instrument [Line Items]    
Maturities (calendar year) [2] 2030  
Stated Interest Rate [2] 1.35%  
Effective Interest Rate [2] 2.53%  
2020 Issuance of $10.1 billion | Maximum    
Debt Instrument [Line Items]    
Maturities (calendar year) [2] 2060  
Stated Interest Rate [2] 2.68%  
Effective Interest Rate [2] 5.43%  
2021 issuance of $8.2 billion    
Debt Instrument [Line Items]    
Total face value $ 8,185 8,185
2021 issuance of $8.2 billion | Minimum    
Debt Instrument [Line Items]    
Maturities (calendar year) 2052  
Stated Interest Rate 2.92%  
Effective Interest Rate 2.92%  
2021 issuance of $8.2 billion | Maximum    
Debt Instrument [Line Items]    
Maturities (calendar year) 2062  
Stated Interest Rate 3.04%  
Effective Interest Rate 3.04%  
2023 issuance of $0.1 billion    
Debt Instrument [Line Items]    
Total face value [2] $ 56 0
2023 issuance of $0.1 billion | Minimum    
Debt Instrument [Line Items]    
Maturities (calendar year) [2] 2026  
Stated Interest Rate [2] 1.35%  
Effective Interest Rate [2] 5.16%  
2023 issuance of $0.1 billion | Maximum    
Debt Instrument [Line Items]    
Maturities (calendar year) [2] 2050  
Stated Interest Rate [2] 4.50%  
Effective Interest Rate [2] 5.49%  
2024 issuance of $3.3 billion    
Debt Instrument [Line Items]    
Total face value [2] $ 3,344 $ 0
2024 issuance of $3.3 billion | Minimum    
Debt Instrument [Line Items]    
Maturities (calendar year) [2] 2026  
Stated Interest Rate [2] 1.35%  
Effective Interest Rate [2] 5.16%  
2024 issuance of $3.3 billion | Maximum    
Debt Instrument [Line Items]    
Maturities (calendar year) [2] 2050  
Stated Interest Rate [2] 4.50%  
Effective Interest Rate [2] 5.49%  
[1] Refer to Note 5 – Derivatives for further information on the interest rate swaps related to fixed-rate debt.
[2] Includes $3.6 billion of debt at face value related to the Activision Blizzard acquisition, the majority of which was exchanged for Microsoft registered securities in June 2024. See Note 8 – Business Combinations for further information.
[1] Refer to Note 5 – Derivatives for further information on the interest rate swaps related to fixed-rate debt.
[2] Includes $3.6 billion of debt at face value related to the Activision Blizzard acquisition, the majority of which was exchanged for Microsoft registered securities in June 2024. See Note 8 – Business Combinations for further information.
Name: msft_DebtInstrumentMaturityYear
Namespace Prefix: msft_
Data Type: xbrli:gYearItemType
Balance Type: na
Period Type: duration
Name: msft_HedgeAccountingFairValueAdjustments
Namespace Prefix: msft_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: msft_PremiumOnDebtExchange1
Namespace Prefix: msft_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_DebtInstrumentCarryingAmount
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_DebtInstrumentInterestRateEffectivePercentage
Namespace Prefix: us-gaap_
Data Type: dtr-types:percentItemType
Balance Type: na
Period Type: instant
Name: us-gaap_DebtInstrumentInterestRateStatedPercentage
Namespace Prefix: us-gaap_
Data Type: dtr-types:percentItemType
Balance Type: na
Period Type: instant
Name: us-gaap_DebtInstrumentLineItems
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_LongTermDebt
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_LongTermDebtCurrent
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_LongTermDebtNoncurrent
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_DebtInstrumentAxis=msft_IssuanceOfLongTermDebtOneMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_DebtInstrumentAxis=msft_IssuanceOfLongTermDebtTwoMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_DebtInstrumentAxis=msft_IssuanceOfLongTermDebtThreeMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_DebtInstrumentAxis=msft_IssuanceOfLongTermDebtFourMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_DebtInstrumentAxis=msft_IssuanceOfLongTermDebtFiveMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: srt_RangeAxis=srt_MinimumMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: srt_RangeAxis=srt_MaximumMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_DebtInstrumentAxis=msft_IssuanceOfLongTermDebtSixMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_DebtInstrumentAxis=msft_IssuanceOfLongTermDebtSevenMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_DebtInstrumentAxis=msft_IssuanceOfLongTermDebtEightMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_DebtInstrumentAxis=msft_IssuanceOfLongTermDebtNineMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_DebtInstrumentAxis=msft_IssuanceOfLongTermDebtTenMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_DebtInstrumentAxis=msft_IssuanceOfLongTermDebtElevenMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_DebtInstrumentAxis=msft_IssuanceOfLongTermDebtTwelveMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_DebtInstrumentAxis=msft_IssuanceOfLongTermDebtThirteenMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Components of Long-term Debt (Parenthetical) (Detail) - 12 months ended Jun. 30, 2024
€ in Billions, $ in Billions
USD ($)
EUR (€)
Activision Blizzard, Inc.    
Debt Instrument [Line Items]    
Debt, face value $ 3.6  
2009 Issuance of $3.8 billion    
Debt Instrument [Line Items]    
Debt, issuance date 2009  
Debt, face value $ 3.8  
2010 Issuance of $4.8 billion    
Debt Instrument [Line Items]    
Debt, issuance date 2010  
Debt, face value $ 4.8  
2011 Issuance of $2.3 billion    
Debt Instrument [Line Items]    
Debt, issuance date 2011  
Debt, face value $ 2.3  
2012 Issuance of $2.3 billion    
Debt Instrument [Line Items]    
Debt, issuance date 2012  
Debt, face value $ 2.3  
2013 Issuance of $5.2 billion    
Debt Instrument [Line Items]    
Debt, issuance date 2013  
Debt, face value $ 5.2  
2013 Issuance of €4.1 billion    
Debt Instrument [Line Items]    
Debt, issuance date 2013  
Debt, face value | €   € 4.1
2015 Issuance of $23.8 billion    
Debt Instrument [Line Items]    
Debt, issuance date 2015  
Debt, face value $ 23.8  
2016 Issuance of $19.8 billion    
Debt Instrument [Line Items]    
Debt, issuance date 2016  
Debt, face value $ 19.8  
2017 Issuance of $17.1 billion    
Debt Instrument [Line Items]    
Debt, issuance date [1] 2017  
Debt, face value [1] $ 17.1  
2020 Issuance of $10.1 billion    
Debt Instrument [Line Items]    
Debt, issuance date [1] 2020  
Debt, face value [1] $ 10.1  
2021 issuance of $8.2 billion    
Debt Instrument [Line Items]    
Debt, issuance date 2021  
Debt, face value $ 8.2  
2023 issuance of $0.1 billion    
Debt Instrument [Line Items]    
Debt, issuance date [1] 2023  
Debt, face value [1] $ 0.1  
2024 issuance of $3.3 billion    
Debt Instrument [Line Items]    
Debt, issuance date [1] 2024  
Debt, face value [1] $ 3.3  
[1] Includes $3.6 billion of debt at face value related to the Activision Blizzard acquisition, the majority of which was exchanged for Microsoft registered securities in June 2024. See Note 8 – Business Combinations for further information.
[1] Includes $3.6 billion of debt at face value related to the Activision Blizzard acquisition, the majority of which was exchanged for Microsoft registered securities in June 2024. See Note 8 – Business Combinations for further information.
Name: msft_DebtInstrumentIssuanceYear
Namespace Prefix: msft_
Data Type: xbrli:gYearItemType
Balance Type: na
Period Type: duration
Name: us-gaap_DebtInstrumentFaceAmount
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_DebtInstrumentLineItems
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_BusinessAcquisitionAxis=msft_ActivisionBlizzardIncMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_DebtInstrumentAxis=msft_IssuanceOfLongTermDebtOneMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_DebtInstrumentAxis=msft_IssuanceOfLongTermDebtTwoMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_DebtInstrumentAxis=msft_IssuanceOfLongTermDebtThreeMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_DebtInstrumentAxis=msft_IssuanceOfLongTermDebtFourMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_DebtInstrumentAxis=msft_IssuanceOfLongTermDebtFiveMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_DebtInstrumentAxis=msft_IssuanceOfLongTermDebtSixMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_DebtInstrumentAxis=msft_IssuanceOfLongTermDebtSevenMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_DebtInstrumentAxis=msft_IssuanceOfLongTermDebtEightMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_DebtInstrumentAxis=msft_IssuanceOfLongTermDebtNineMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_DebtInstrumentAxis=msft_IssuanceOfLongTermDebtTenMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_DebtInstrumentAxis=msft_IssuanceOfLongTermDebtElevenMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_DebtInstrumentAxis=msft_IssuanceOfLongTermDebtTwelveMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_DebtInstrumentAxis=msft_IssuanceOfLongTermDebtThirteenMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Debt - Additional Information (Detail) - USD ($)
$ in Millions
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Debt Instrument [Line Items]      
Long-term debt fair value $ 42,300 $ 46,200  
Short-term debt 6,693 0  
Cash paid for interest $ 1,700 $ 1,700 $ 1,900
Commercial Paper      
Debt Instrument [Line Items]      
Short term debt, weighted average interest rate 5.40%    
Commercial Paper | Maximum      
Debt Instrument [Line Items]      
Short term borrowings maturity 152 days    
Commercial Paper | Minimum      
Debt Instrument [Line Items]      
Short term borrowings maturity 28 days    
Name: us-gaap_CommercialPaper
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_DebtInstrumentLineItems
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_DebtInstrumentTerm
Namespace Prefix: us-gaap_
Data Type: xbrli:durationItemType
Balance Type: na
Period Type: duration
Name: us-gaap_InterestPaid
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_LongTermDebtFairValue
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_ShortTermDebtWeightedAverageInterestRate
Namespace Prefix: us-gaap_
Data Type: dtr-types:percentItemType
Balance Type: na
Period Type: instant
Name: us-gaap_ShortTermDebtTypeAxis=us-gaap_CommercialPaperMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: srt_RangeAxis=srt_MaximumMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: srt_RangeAxis=srt_MinimumMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Maturities of Long-term Debt Including Current Portion (Detail) - USD ($)
$ in Millions
Jun. 30, 2024
Jun. 30, 2023
Debt Disclosure [Abstract]    
Year Ending June 30, 2025 $ 2,250  
Year Ending June 30, 2026 3,000  
Year Ending June 30, 2027 9,250  
Year Ending June 30, 2028 0  
Year Ending June 30, 2029 1,876  
Thereafter 34,845  
Total $ 51,221 $ 52,866
Name: us-gaap_DebtDisclosureAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_DebtInstrumentCarryingAmount
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Provision for Income Taxes (Detail) - USD ($)
$ in Millions
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Current Taxes      
U.S. federal $ 12,165 $ 14,009 $ 8,329
U.S. state and local 2,366 2,322 1,679
Foreign 9,858 6,678 6,672
Current taxes 24,389 23,009 16,680
Deferred Taxes      
U.S. federal (4,791) (6,146) (4,815)
U.S. state and local (379) (477) (1,062)
Foreign 432 564 175
Deferred taxes (4,738) (6,059) (5,702)
Provision for income taxes $ 19,651 $ 16,950 $ 10,978
Name: us-gaap_CurrentFederalTaxExpenseBenefit
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: us-gaap_CurrentForeignTaxExpenseBenefit
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: us-gaap_CurrentIncomeTaxExpenseBenefit
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: us-gaap_CurrentIncomeTaxExpenseBenefitContinuingOperationsAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_CurrentStateAndLocalTaxExpenseBenefit
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: us-gaap_DeferredFederalIncomeTaxExpenseBenefit
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: us-gaap_DeferredForeignIncomeTaxExpenseBenefit
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: us-gaap_DeferredIncomeTaxExpenseBenefit
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: us-gaap_DeferredIncomeTaxExpenseBenefitContinuingOperationsAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: us-gaap_IncomeTaxExpenseBenefit
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Income Before Income Taxes (Detail) - USD ($)
$ in Millions
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Income Tax Disclosure [Abstract]      
U.S. $ 62,886 $ 52,917 $ 47,837
Foreign 44,901 36,394 35,879
Income before income taxes $ 107,787 $ 89,311 $ 83,716
Name: us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Difference Between Income Taxes Computed at Federal Statutory Rate and Provision for Income Taxes (Detail)
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Income Tax Disclosure [Abstract]      
Federal statutory rate 21.00% 21.00% 21.00%
Effect of:      
Foreign earnings taxed at lower rates (1.40%) (1.80%) (1.30%)
Impact of intangible property transfers 0.00% 0.00% (3.90%)
Foreign-derived intangible income deduction (1.10%) (1.30%) (1.10%)
State income taxes, net of federal benefit 1.50% 1.60% 1.40%
Research and development credit (1.10%) (1.10%) (0.90%)
Excess tax benefits relating to stock-based compensation (1.10%) (0.70%) (1.90%)
Interest, net 1.10% 0.80% 0.50%
Other reconciling items, net (0.70%) 0.50% (0.70%)
Effective rate 18.20% 19.00% 13.10%
Name: msft_EffectiveIncomeTaxRateReconciliationDeductionsExcessTaxBenefitsStockBasedCompensation
Namespace Prefix: msft_
Data Type: dtr-types:percentItemType
Balance Type: na
Period Type: duration
Name: msft_EffectiveIncomeTaxRateReconciliationIntangiblePropertyTransfers
Namespace Prefix: msft_
Data Type: dtr-types:percentItemType
Balance Type: na
Period Type: duration
Name: msft_EffectiveIncomeTaxRateReconciliationInterestIncomeExpense
Namespace Prefix: msft_
Data Type: dtr-types:percentItemType
Balance Type: na
Period Type: duration
Name: us-gaap_EffectiveIncomeTaxRateContinuingOperations
Namespace Prefix: us-gaap_
Data Type: dtr-types:percentItemType
Balance Type: na
Period Type: duration
Name: us-gaap_EffectiveIncomeTaxRateContinuingOperationsTaxRateReconciliationAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
Namespace Prefix: us-gaap_
Data Type: dtr-types:percentItemType
Balance Type: na
Period Type: duration
Name: us-gaap_EffectiveIncomeTaxRateReconciliationFdiiPercent
Namespace Prefix: us-gaap_
Data Type: dtr-types:percentItemType
Balance Type: na
Period Type: duration
Name: us-gaap_EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
Namespace Prefix: us-gaap_
Data Type: dtr-types:percentItemType
Balance Type: na
Period Type: duration
Name: us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments
Namespace Prefix: us-gaap_
Data Type: dtr-types:percentItemType
Balance Type: na
Period Type: duration
Name: us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
Namespace Prefix: us-gaap_
Data Type: dtr-types:percentItemType
Balance Type: na
Period Type: duration
Name: us-gaap_EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
Namespace Prefix: us-gaap_
Data Type: dtr-types:percentItemType
Balance Type: na
Period Type: duration
Name: us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Income Taxes - Additional Information (Detail) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Sep. 30, 2021
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
Income Taxes [Line Items]          
Provision (benefit) for income taxes   $ 19,651 $ 16,950 $ 10,978  
Income taxes paid, net of refunds   23,400 23,100 16,000  
Gross unrecognized tax benefits related to uncertain tax positions   22,760 17,120 15,593 $ 14,550
Gross unrecognized tax benefits related to uncertain tax positions, if recognized would affect our effective tax rates   19,600 14,400 13,300  
Accrued interest expense related to uncertain tax positions net of federal income tax benefits   6,800 5,200 4,300  
Interest expense related to uncertain tax positions, net of income tax benefits   $ 1,500 $ 918 $ 36  
Regional Operating Centers          
Income Taxes [Line Items]          
Foreign earnings, taxed at rates lower than U.S. rate as a percentage of foreign income before tax   83.00% 81.00% 71.00%  
Federal          
Income Taxes [Line Items]          
Operating loss carryforwards   $ 476      
Capital loss carryforwards   $ 456      
Capital loss carryforwards expiration year   2025      
State          
Income Taxes [Line Items]          
Operating loss carryforwards   $ 899      
Foreign Country          
Income Taxes [Line Items]          
Operating loss carryforwards   $ 2,600      
Transfer of Intangible Properties          
Income Taxes [Line Items]          
Provision (benefit) for income taxes $ (3,300)        
Earliest Tax Year | Federal and State          
Income Taxes [Line Items]          
Operating loss carryforwards expiration year   2025      
Latest Tax Year | Federal and State          
Income Taxes [Line Items]          
Operating loss carryforwards expiration year   2044      
Name: msft_CapitalLossCarryforwards
Namespace Prefix: msft_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: msft_CapitalLossCarryforwardsExpirationYear
Namespace Prefix: msft_
Data Type: xbrli:gYearItemType
Balance Type: na
Period Type: duration
Name: msft_ForeignEarningsTaxedAtRatesLowerThanUsRate
Namespace Prefix: msft_
Data Type: dtr-types:percentItemType
Balance Type: na
Period Type: duration
Name: msft_IncomeTaxesLineItems
Namespace Prefix: msft_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: msft_OperatingLossCarryforwardsExpirationYear
Namespace Prefix: msft_
Data Type: xbrli:gYearItemType
Balance Type: na
Period Type: duration
Name: us-gaap_IncomeTaxExpenseBenefit
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: us-gaap_IncomeTaxesPaidNet
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_OperatingLossCarryforwards
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_UnrecognizedTaxBenefits
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: us-gaap_UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_IncomeTaxAuthorityAxis=msft_RegionalOperatingCentersMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_IncomeTaxAuthorityAxis=us-gaap_DomesticCountryMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_IncomeTaxAuthorityAxis=us-gaap_StateAndLocalJurisdictionMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_IncomeTaxAuthorityAxis=us-gaap_ForeignCountryMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_IndefiniteLivedIntangibleAssetsByMajorClassAxis=msft_TransferOfIntangiblePropertiesMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_TaxPeriodAxis=us-gaap_EarliestTaxYearMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_IncomeTaxAuthorityAxis=msft_FederalAndStateMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_TaxPeriodAxis=us-gaap_LatestTaxYearMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Deferred Income Tax Assets and Liabilities (Detail) - USD ($)
$ in Millions
Jun. 30, 2024
Jun. 30, 2023
Deferred Income Tax Assets    
Stock-based compensation expense $ 765 $ 681
Accruals, reserves, and other expenses 4,381 3,131
Loss and credit carryforwards 1,741 1,441
Amortization 4,159 9,440
Leasing liabilities 6,504 5,041
Unearned revenue 3,717 3,296
Book/tax basis differences in investments and debt 9 373
Capitalized research and development 11,442 6,958
Other 426 489
Deferred income tax assets 33,144 30,850
Less valuation allowance (1,045) (939)
Deferred income tax assets, net of valuation allowance 32,099 29,911
Deferred Income Tax Liabilities    
Leasing assets (6,503) (4,680)
Depreciation (3,940) (2,674)
Deferred tax on foreign earnings (1,837) (2,738)
Other (167) (89)
Deferred income tax liabilities (12,447) (10,181)
Net deferred income tax assets 19,652 19,730
Long-term deferred income tax liabilities (2,618) (433)
Other Long-term Assets    
Deferred Income Tax Liabilities    
Other long-term assets $ 22,270 $ 20,163
Name: msft_DeferredTaxAssetsAmortization
Namespace Prefix: msft_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: msft_DeferredTaxAssetsBookTaxBasisDifferencesInInvestmentsAndDebt
Namespace Prefix: msft_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: msft_DeferredTaxAssetsCapitalizedResearchAndDevelopment
Namespace Prefix: msft_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: msft_DeferredTaxAssetsLeasingLiabilities
Namespace Prefix: msft_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: msft_DeferredTaxAssetsOperatingLossAndTaxCreditCarryForwards
Namespace Prefix: msft_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: msft_DeferredTaxLiabilitiesDeferredTaxOnForeignEarnings
Namespace Prefix: msft_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: msft_DeferredTaxLiabilitiesDepreciation
Namespace Prefix: msft_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_DeferredIncomeTaxAssetsNet
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_DeferredIncomeTaxLiabilities
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_DeferredIncomeTaxLiabilitiesNet
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_DeferredTaxAssetsDeferredIncome
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_DeferredTaxAssetsGross
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_DeferredTaxAssetsLiabilitiesNet
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_DeferredTaxAssetsNet
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_DeferredTaxAssetsNetAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_DeferredTaxAssetsOther
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_DeferredTaxAssetsValuationAllowance
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_DeferredTaxLiabilitiesAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_DeferredTaxLiabilitiesLeasingArrangements
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_DeferredTaxLiabilitiesOther
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_BalanceSheetLocationAxis=us-gaap_OtherNoncurrentAssetsMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Changes in Gross Unrecognized Tax Benefits Related to Uncertain Tax Positions (Detail) - USD ($)
$ in Millions
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Income Tax Disclosure [Abstract]      
Beginning unrecognized tax benefits $ 17,120 $ 15,593 $ 14,550
Decreases related to settlements (76) (329) (317)
Increases for tax positions related to the current year 1,903 1,051 1,145
Increases for tax positions related to prior years [1] 4,289 870 461
Decreases for tax positions related to prior years (464) (60) (246)
Decreases due to lapsed statutes of limitations (12) (5) 0
Ending unrecognized tax benefits $ 22,760 $ 17,120 $ 15,593
[1] Fiscal year 2024 includes unrecognized tax benefits of $3.4 billion related to the acquisition of Activision Blizzard. See Note 8 – Business Combinations for further information.
[1] Fiscal year 2024 includes unrecognized tax benefits of $3.4 billion related to the acquisition of Activision Blizzard. See Note 8 – Business Combinations for further information.
Name: us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_UnrecognizedTaxBenefits
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: us-gaap_UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Changes in Gross Unrecognized Tax Benefits Related to Uncertain Tax Positions (Parenthetical) (Detail)
$ in Billions
12 Months Ended
Jun. 30, 2024
USD ($)
Activision Blizzard  
Income Taxes [Line Items]  
Increase in unrecognized tax benefits due to acquired unrecognized tax benefits $ 3.4
Name: msft_IncomeTaxesLineItems
Namespace Prefix: msft_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: msft_IncreaseInUnrecognizedTaxBenefitsDueToAcquiredUnrecognizedTaxBenefits
Namespace Prefix: msft_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_BusinessAcquisitionAxis=msft_ActivisionBlizzardIncMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Income Taxes - Additional Information Regarding Examinations (Detail) - USD ($)
$ in Billions
12 Months Ended
Sep. 26, 2023
Jun. 30, 2024
Minimum | Foreign Country    
Income Tax Examination [Line Items]    
Tax years subject to examination   1996
Maximum | Foreign Country    
Income Tax Examination [Line Items]    
Tax years subject to examination   2023
Internal Revenue Service (IRS)    
Income Tax Examination [Line Items]    
Settlement payments including tax and interest $ 28.9  
Internal Revenue Service (IRS) | Minimum    
Income Tax Examination [Line Items]    
Tax years under audit 2004  
Tax years subject to examination   2014
Internal Revenue Service (IRS) | Maximum    
Income Tax Examination [Line Items]    
Tax years under audit 2013  
Tax years subject to examination   2017
Name: msft_IRSAuditNoticesOfProposedAdjustmentAmount
Namespace Prefix: msft_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: us-gaap_IncomeTaxExaminationLineItems
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_IncomeTaxExaminationYearUnderExamination
Namespace Prefix: us-gaap_
Data Type: dtr-types:gYearListItemType
Balance Type: na
Period Type: duration
Name: us-gaap_OpenTaxYear
Namespace Prefix: us-gaap_
Data Type: dtr-types:gYearListItemType
Balance Type: na
Period Type: duration
Name: srt_RangeAxis=srt_MinimumMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_IncomeTaxAuthorityAxis=us-gaap_ForeignCountryMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: srt_RangeAxis=srt_MaximumMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_IncomeTaxAuthorityNameAxis=us-gaap_InternalRevenueServiceIRSMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Unearned Revenue by Segment (Detail) - USD ($)
$ in Millions
Jun. 30, 2024
Jun. 30, 2023
Contract With Customer Liability [Line Items]    
Unearned revenue $ 60,184 $ 53,813
Productivity and Business Processes    
Contract With Customer Liability [Line Items]    
Unearned revenue 30,879 27,572
Intelligent Cloud    
Contract With Customer Liability [Line Items]    
Unearned revenue 23,117 21,563
More Personal Computing    
Contract With Customer Liability [Line Items]    
Unearned revenue $ 6,188 $ 4,678
Name: msft_ContractWithCustomerLiabilityLineItems
Namespace Prefix: msft_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_ContractWithCustomerLiability
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_StatementBusinessSegmentsAxis=msft_ProductivityAndBusinessProcessesMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_StatementBusinessSegmentsAxis=msft_IntelligentCloudMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_StatementBusinessSegmentsAxis=msft_MorePersonalComputingMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Changes in Unearned Revenue (Detail)
$ in Millions
12 Months Ended
Jun. 30, 2024
USD ($)
Revenue from Contract with Customer [Abstract]  
Balance, beginning of period $ 53,813
Deferral of revenue 148,701
Recognition of unearned revenue (142,330)
Balance, end of period $ 60,184
Name: msft_ContractWithCustomerLiabilityRevenueDeferred
Namespace Prefix: msft_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: msft_ContractWithCustomerLiabilityRevenueRecognizedIncludingAdditions
Namespace Prefix: msft_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_ContractWithCustomerLiability
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Unearned Revenue - Additional Information (Detail)
$ in Billions
Jun. 30, 2024
USD ($)
Contract With Customer Liability [Line Items]  
Revenue allocated to remaining performance obligations $ 275
Commercial Customers  
Contract With Customer Liability [Line Items]  
Revenue allocated to remaining performance obligations $ 269
Name: msft_ContractWithCustomerLiabilityLineItems
Namespace Prefix: msft_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_RevenueRemainingPerformanceObligation
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: srt_MajorCustomersAxis=msft_CommercialCustomersMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Unearned Revenue - Remaining Performance Obligation - Additional Information (Detail) - Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2024-07-01
Jun. 30, 2024
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]  
Revenue allocated to remaining performance obligations, percentage of revenue expected to be recognized 45.00%
Revenue allocated to remaining performance obligations, expected timing of satisfaction 12 months
Name: us-gaap_RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionLineItems
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
Namespace Prefix: us-gaap_
Data Type: xbrli:durationItemType
Balance Type: na
Period Type: instant
Name: us-gaap_RevenueRemainingPerformanceObligationPercentage
Namespace Prefix: us-gaap_
Data Type: dtr-types:percentItemType
Balance Type: na
Period Type: instant
Name: us-gaap_RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionStartDateAxis=2024-07-01
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Leases - Additional Information (Detail)
$ in Billions
12 Months Ended
Jun. 30, 2024
USD ($)
Operating Lease  
Leases [Line Items]  
Additional leases, primarily for datacenters, that have not yet commenced $ 8.6
Finance Lease  
Leases [Line Items]  
Additional leases, primarily for datacenters, that have not yet commenced $ 108.4
Minimum  
Leases [Line Items]  
Operating and Finance leases, remaining lease terms 1 year
Additional operating leases that have not yet commenced, lease terms 1 year
Additional finance leases that have not yet commenced, lease terms 1 year
Maximum  
Leases [Line Items]  
Operating and Finance leases, remaining lease terms 17 years
Operating leases, options to extend leases term 5 years
Finance leases, options to extend leases term 5 years
Operating and Finance leases, options to terminate leases term 1 year
Additional operating leases that have not yet commenced, lease terms 20 years
Additional finance leases that have not yet commenced, lease terms 20 years
Name: msft_LeasesLineItems
Namespace Prefix: msft_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: msft_LesseeOperatingAndFinanceLeasesOptionsToTerminateLeasesTerm
Namespace Prefix: msft_
Data Type: xbrli:durationItemType
Balance Type: na
Period Type: duration
Name: msft_LesseeOperatingAndFinanceLeasesRemainingLeaseTerm
Namespace Prefix: msft_
Data Type: xbrli:durationItemType
Balance Type: na
Period Type: duration
Name: us-gaap_LesseeFinanceLeaseLeaseNotYetCommencedTermOfContract1
Namespace Prefix: us-gaap_
Data Type: xbrli:durationItemType
Balance Type: na
Period Type: instant
Name: us-gaap_LesseeFinanceLeaseRenewalTerm1
Namespace Prefix: us-gaap_
Data Type: xbrli:durationItemType
Balance Type: na
Period Type: instant
Name: us-gaap_LesseeOperatingLeaseLeaseNotYetCommencedTermOfContract1
Namespace Prefix: us-gaap_
Data Type: xbrli:durationItemType
Balance Type: na
Period Type: instant
Name: us-gaap_LesseeOperatingLeaseRenewalTerm
Namespace Prefix: us-gaap_
Data Type: xbrli:durationItemType
Balance Type: na
Period Type: instant
Name: us-gaap_UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_LeaseContractualTermAxis=msft_OperatingLeaseMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_LeaseContractualTermAxis=msft_FinanceLeaseMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: srt_RangeAxis=srt_MinimumMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: srt_RangeAxis=srt_MaximumMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Components of Lease Expense (Detail) - USD ($)
$ in Millions
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Leases [Abstract]      
Operating lease cost $ 3,555 $ 2,875 $ 2,461
Finance lease cost:      
Amortization of right-of-use assets 1,800 1,352 980
Interest on lease liabilities 734 501 429
Total finance lease cost $ 2,534 $ 1,853 $ 1,409
Name: msft_FinanceLeaseCost
Namespace Prefix: msft_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: msft_FinanceLeasesCostAbstract
Namespace Prefix: msft_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_FinanceLeaseInterestExpense
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: us-gaap_FinanceLeaseRightOfUseAssetAmortization
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: us-gaap_LeasesAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_OperatingLeaseCost
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Supplemental Cash Flow Information Related to Leases (Detail) - USD ($)
$ in Millions
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Cash paid for amounts included in the measurement of lease liabilities:      
Operating cash flows from operating leases $ 3,550 $ 2,706 $ 2,368
Operating cash flows from finance leases 734 501 429
Financing cash flows from finance leases 1,286 1,056 896
Right-of-use assets obtained in exchange for lease obligations:      
Operating leases 6,703 3,514 5,268
Finance leases $ 11,633 $ 3,128 $ 4,234
Name: msft_CashPaidForAmountsIncludedInMeasurementOfLeaseLiabilitiesAbstract
Namespace Prefix: msft_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: msft_RightOfUseAssetsObtainedInExchangeForLeaseObligationsAbstract
Namespace Prefix: msft_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_FinanceLeaseInterestPaymentOnLiability
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_FinanceLeasePrincipalPayments
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_OperatingLeasePayments
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Supplemental Balance Sheet Information Related to Leases (Detail) - USD ($)
$ in Millions
Jun. 30, 2024
Jun. 30, 2023
Operating Leases    
Operating lease right-of-use assets $ 18,961 $ 14,346
Total operating lease liabilities 19,077 15,137
Finance Leases    
Property and equipment, at cost 212,012 163,892
Accumulated depreciation (76,421) (68,251)
Property and equipment, net 135,591 95,641
Total finance lease liabilities $ 27,145 $ 17,067
Weighted Average Remaining Lease Term    
Operating leases 7 years 8 years
Finance leases 12 years 11 years
Weighted Average Discount Rate    
Operating leases 3.30% 2.90%
Finance leases 3.90% 3.40%
Finance Lease    
Finance Leases    
Property and equipment, at cost $ 32,248 $ 20,538
Accumulated depreciation (6,386) (4,647)
Property and equipment, net 25,862 15,891
Other Current Liabilities    
Operating Leases    
Total operating lease liabilities 3,580 2,409
Finance Leases    
Total finance lease liabilities 2,349 1,197
Operating Lease Liabilities    
Operating Leases    
Total operating lease liabilities 15,497 12,728
Other Long-term Liabilities    
Finance Leases    
Total finance lease liabilities $ 24,796 $ 15,870
Name: msft_FinanceLeaseAbstract
Namespace Prefix: msft_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: msft_WeightedAverageDiscountRateAbstract
Namespace Prefix: msft_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: msft_WeightedAverageRemainingLeaseTermAbstract
Namespace Prefix: msft_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_FinanceLeaseLiability
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_FinanceLeaseWeightedAverageDiscountRatePercent
Namespace Prefix: us-gaap_
Data Type: dtr-types:percentItemType
Balance Type: na
Period Type: instant
Name: us-gaap_FinanceLeaseWeightedAverageRemainingLeaseTerm1
Namespace Prefix: us-gaap_
Data Type: xbrli:durationItemType
Balance Type: na
Period Type: instant
Name: us-gaap_LeasesOperatingAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_OperatingLeaseLiability
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_OperatingLeaseRightOfUseAsset
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent
Namespace Prefix: us-gaap_
Data Type: dtr-types:percentItemType
Balance Type: na
Period Type: instant
Name: us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1
Namespace Prefix: us-gaap_
Data Type: xbrli:durationItemType
Balance Type: na
Period Type: instant
Name: us-gaap_PropertyPlantAndEquipmentGross
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_PropertyPlantAndEquipmentNet
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_LeaseContractualTermAxis=msft_FinanceLeaseMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_BalanceSheetLocationAxis=us-gaap_OtherCurrentLiabilitiesMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_BalanceSheetLocationAxis=msft_OperatingLeaseLiabilitiesMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_BalanceSheetLocationAxis=us-gaap_OtherNoncurrentLiabilitiesMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Maturities of Lease Liabilities (Detail) - USD ($)
$ in Millions
Jun. 30, 2024
Jun. 30, 2023
Leases [Abstract]    
Operating Leases, Year Ending June 30, 2025 $ 4,124  
Operating Leases, Year Ending June 30, 2026 3,549  
Operating Leases, Year Ending June 30, 2027 2,981  
Operating Leases, Year Ending June 30, 2028 2,405  
Operating Leases, Year Ending June 30, 2029 1,924  
Operating Leases, Thereafter 6,587  
Operating Leases, Total lease payments 21,570  
Operating Leases, Less imputed interest (2,493)  
Operating Leases 19,077 $ 15,137
Finance Leases, Year Ending June 30, 2025 3,311  
Finance Leases, Year Ending June 30, 2026 3,021  
Finance Leases, Year Ending June 30, 2027 3,037  
Finance Leases, Year Ending June 30, 2028 3,026  
Finance Leases, Year Ending June 30, 2029 2,638  
Finance Leases, Thereafter 19,116  
Finance Leases, Total lease payments 34,149  
Finance Leases, Less imputed interest (7,004)  
Finance Leases $ 27,145 $ 17,067
Name: us-gaap_FinanceLeaseLiability
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_FinanceLeaseLiabilityPaymentsDue
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_FinanceLeaseLiabilityPaymentsDueAfterYearFive
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_FinanceLeaseLiabilityPaymentsDueYearFive
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_FinanceLeaseLiabilityPaymentsDueYearFour
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_FinanceLeaseLiabilityPaymentsDueYearThree
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_FinanceLeaseLiabilityPaymentsDueYearTwo
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_FinanceLeaseLiabilityUndiscountedExcessAmount
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_LeasesAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_OperatingLeaseLiability
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Contingencies - Additional Information (Detail)
$ in Millions
Jun. 30, 2024
USD ($)
Commitments and Contingencies Disclosure [Abstract]  
Accrual for disclosed loss contingencies, current, ending balance $ 641
Amount not accrued for estimated maximum losses for disclosed loss contingencies $ 600
Name: us-gaap_CommitmentsAndContingenciesDisclosureAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_LossContingencyAccrualAtCarryingValue
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_LossContingencyRangeOfPossibleLossPortionNotAccrued
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Shares of Common Stock Outstanding (Detail) - shares
shares in Millions
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Equity [Abstract]      
Balance, beginning of year 7,432 7,464 7,519
Issued 34 37 40
Repurchased (32) (69) (95)
Balance, end of year 7,434 7,432 7,464
Name: us-gaap_CommonStockSharesOutstanding
Namespace Prefix: us-gaap_
Data Type: xbrli:sharesItemType
Balance Type: na
Period Type: instant
Name: us-gaap_EquityAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_StockIssuedDuringPeriodSharesNewIssues
Namespace Prefix: us-gaap_
Data Type: xbrli:sharesItemType
Balance Type: na
Period Type: duration
Name: us-gaap_StockRepurchasedDuringPeriodShares
Namespace Prefix: us-gaap_
Data Type: xbrli:sharesItemType
Balance Type: na
Period Type: duration
Stockholders' Equity - Additional Information (Detail) - USD ($)
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Sep. 14, 2021
Sep. 18, 2019
Share Repurchases [Line Items]          
Amount of shares repurchased to settle employee tax withholding related to vesting of stock awards $ 5,300,000,000 $ 3,800,000,000 $ 4,700,000,000    
Share Repurchase Program 2019          
Share Repurchases [Line Items]          
Amount available for repurchase under the share repurchase program approved by the company's Board of Directors         $ 40,000,000,000
Share Repurchase Program 2021          
Share Repurchases [Line Items]          
Amount available for repurchase under the share repurchase program approved by the company's Board of Directors       $ 60,000,000,000  
Unused amount of share repurchase program $ 10,300,000,000        
Name: msft_ShareRepurchasesLineItems
Namespace Prefix: msft_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_StockRepurchaseProgramAuthorizedAmount1
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_ShareRepurchaseProgramAxis=msft_ShareRepurchaseProgramTwentyNineteenMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_ShareRepurchaseProgramAxis=msft_ShareRepurchaseProgramTwentyTwentyOneMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Share Repurchases (Detail) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Jun. 30, 2024
Mar. 31, 2024
Dec. 31, 2023
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Dec. 31, 2022
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Dec. 31, 2021
Sep. 30, 2021
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Share Repurchases [Line Items]                              
Shares of common stock repurchased                         32,000,000 69,000,000 95,000,000
Share Repurchase Program 2019                              
Share Repurchases [Line Items]                              
Shares of common stock repurchased                       21,000,000      
Value of common stock repurchased                       $ 6,200      
Share Repurchase Program 2019 and 2021                              
Share Repurchases [Line Items]                              
Shares of common stock repurchased                     20,000,000       95,000,000
Value of common stock repurchased                     $ 6,233       $ 28,033
Share Repurchase Program 2021                              
Share Repurchases [Line Items]                              
Shares of common stock repurchased 7,000,000 7,000,000 7,000,000 11,000,000 14,000,000 18,000,000 20,000,000 17,000,000 28,000,000 26,000,000     32,000,000 69,000,000  
Value of common stock repurchased $ 2,800 $ 2,800 $ 2,800 $ 3,560 $ 4,600 $ 4,600 $ 4,600 $ 4,600 $ 7,800 $ 7,800     $ 11,960 $ 18,400  
Name: msft_ShareRepurchasesLineItems
Namespace Prefix: msft_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_StockRepurchasedDuringPeriodShares
Namespace Prefix: us-gaap_
Data Type: xbrli:sharesItemType
Balance Type: na
Period Type: duration
Name: us-gaap_StockRepurchasedDuringPeriodValue
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: us-gaap_ShareRepurchaseProgramAxis=msft_ShareRepurchaseProgramTwentyNineteenMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_ShareRepurchaseProgramAxis=msft_ShareRepurchaseProgramTwentyNineteenAndTwentyTwentyOneMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_ShareRepurchaseProgramAxis=msft_ShareRepurchaseProgramTwentyTwentyOneMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Dividends Declared (Detail) - USD ($)
$ / shares in Units, $ in Millions
3 Months Ended 12 Months Ended
Jun. 30, 2024
Mar. 31, 2024
Dec. 31, 2023
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Dec. 31, 2022
Sep. 30, 2022
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Equity [Abstract]                      
Declaration Date Jun. 12, 2024 Mar. 12, 2024 Nov. 28, 2023 Sep. 19, 2023 Jun. 13, 2023 Mar. 14, 2023 Nov. 29, 2022 Sep. 20, 2022      
Record Date Aug. 15, 2024 May 16, 2024 Feb. 15, 2024 Nov. 16, 2023 Aug. 17, 2023 May 18, 2023 Feb. 16, 2023 Nov. 17, 2022      
Payment Date Sep. 12, 2024 Jun. 13, 2024 Mar. 14, 2024 Dec. 14, 2023 Sep. 14, 2023 Jun. 08, 2023 Mar. 09, 2023 Dec. 08, 2022      
Dividend Per Share $ 0.75 $ 0.75 $ 0.75 $ 0.75 $ 0.68 $ 0.68 $ 0.68 $ 0.68 $ 3 $ 2.72 $ 2.48
Amount $ 5,575 $ 5,574 $ 5,573 $ 5,574 $ 5,051 $ 5,054 $ 5,059 $ 5,066 $ 22,296 $ 20,230  
Name: us-gaap_CommonStockDividendsPerShareDeclared
Namespace Prefix: us-gaap_
Data Type: dtr-types:perShareItemType
Balance Type: na
Period Type: duration
Name: us-gaap_DividendPayableDateToBePaidDayMonthAndYear
Namespace Prefix: us-gaap_
Data Type: xbrli:dateItemType
Balance Type: na
Period Type: duration
Name: us-gaap_DividendsCommonStockCash
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: us-gaap_DividendsPayableDateDeclaredDayMonthAndYear
Namespace Prefix: us-gaap_
Data Type: xbrli:dateItemType
Balance Type: na
Period Type: duration
Name: us-gaap_DividendsPayableDateOfRecordDayMonthAndYear
Namespace Prefix: us-gaap_
Data Type: xbrli:dateItemType
Balance Type: na
Period Type: duration
Name: us-gaap_EquityAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Summary of Changes in Accumulated Other Comprehensive Income (Loss) by Component (Detail) - USD ($)
$ in Millions
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Balance, beginning of period $ 206,223 $ 166,542  
Other comprehensive income (loss) 753 (1,665) $ (6,500)
Balance, end of period 268,477 206,223 166,542
Derivatives      
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Balance, beginning of period (27) (13) (19)
Unrealized gains (losses), net of tax (14) 34 (57)
Tax expense (benefit) included in provision for income taxes (10) 13 (16)
Amounts reclassified from accumulated other comprehensive loss 38 (48) 63
Other comprehensive income (loss) 24 (14) 6
Balance, end of period (3) (27) (13)
Derivatives | Other Income (Expense), Net      
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Reclassification adjustments for (gains) losses included in other income (expense), net 48 (61) 79
Investments      
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Balance, beginning of period (3,582) (2,138) 3,222
Unrealized gains (losses), net of tax 915 (1,523) (5,405)
Tax expense (benefit) included in provision for income taxes (11) (20) (12)
Amounts reclassified from accumulated other comprehensive loss 42 79 45
Other comprehensive income (loss) 957 (1,444) (5,360)
Balance, end of period (2,625) (3,582) (2,138)
Investments | Other Income (Expense), Net      
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Reclassification adjustments for (gains) losses included in other income (expense), net 53 99 57
Translation adjustments and other      
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Balance, beginning of period (2,734) (2,527) (1,381)
Other comprehensive income (loss) (228) (207) (1,146)
Balance, end of period (2,962) (2,734) (2,527)
Accumulated other comprehensive loss      
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Balance, beginning of period (6,343) (4,678) 1,822
Other comprehensive income (loss) 753 (1,665) (6,500)
Balance, end of period $ (5,590) $ (6,343) $ (4,678)
Name: us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_OciBeforeReclassificationsNetOfTaxAttributableToParent
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_ReclassificationFromAociCurrentPeriodBeforeTaxAttributableToParent
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: us-gaap_ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: us-gaap_ReclassificationFromAociCurrentPeriodTax
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_StockholdersEquity
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
Name: us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedGainLossNetCashFlowHedgeParentMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_IncomeStatementLocationAxis=us-gaap_NonoperatingIncomeExpenseMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_StatementEquityComponentsAxis=msft_AccumulatedTranslationAdjustmentAndOtherMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedOtherComprehensiveIncomeMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Summary of Changes in Accumulated Other Comprehensive Income (Loss) by Component (Parenthetical) (Detail) - USD ($)
$ in Millions
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Derivatives      
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Unrealized gains (losses), net of tax $ (4) $ 9 $ (15)
Net change related to other comprehensive income (loss), tax 6 (4) 1
Investments      
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Unrealized gains (losses), net of tax 247 (393) (1,440)
Net change related to other comprehensive income (loss), tax 258 (373) (1,428)
Translation adjustments and other      
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Net change related to other comprehensive income (loss), tax $ 0 $ 0 $ 0
Name: us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsTax
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: us-gaap_OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedGainLossNetCashFlowHedgeParentMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_StatementEquityComponentsAxis=msft_AccumulatedTranslationAdjustmentAndOtherMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Stock-Based Compensation Expense and Related Income Tax Benefits (Detail) - USD ($)
$ in Millions
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]      
Stock-based compensation expense $ 10,734 $ 9,611 $ 7,502
Income tax benefits related to stock-based compensation $ 1,826 $ 1,651 $ 1,293
Name: us-gaap_AllocatedShareBasedCompensationExpense
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Employee Stock and Savings Plans - Additional Information (Detail) - USD ($)
$ / shares in Units, shares in Millions, $ in Billions
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Compensation Related Costs Disclosure [Line Items]      
Retirement benefits for saving plans funded by employer $ 1.7 $ 1.6 $ 1.4
Stock Awards      
Compensation Related Costs Disclosure [Line Items]      
Unrecognized compensation costs $ 20.3    
Unrecognized compensation costs are expected to be recognized over a weighted average period (years) 3 years    
Weighted average grant-date fair value $ 339.46 [1] $ 252.59 $ 291.22
Fair value of awards vested $ 16.0 $ 11.9 $ 14.1
Shares authorized for future grant 129    
Stock Awards | Lower Limit      
Compensation Related Costs Disclosure [Line Items]      
Award vest period 4 years    
Stock Awards | Upper Limit      
Compensation Related Costs Disclosure [Line Items]      
Award vest period 5 years    
Restricted Stock Units | Executive Incentive Plan      
Compensation Related Costs Disclosure [Line Items]      
Award vest period 4 years    
Performance Stock Units | Executive Incentive Plan      
Compensation Related Costs Disclosure [Line Items]      
Award vest period 3 years    
Employee Stock      
Compensation Related Costs Disclosure [Line Items]      
Shares authorized for future grant 68    
Percentage of market value at which employees are able to purchase shares of common stock 90.00% 90.00% 90.00%
Maximum percentage of gross compensation at which employees may purchase shares 15.00% 15.00% 15.00%
[1] Includes 1 million of PSUs granted at target and performance adjustments above target levels for each of the fiscal years 2024, 2023, and 2022.
[1] Includes 1 million of PSUs granted at target and performance adjustments above target levels for each of the fiscal years 2024, 2023, and 2022.
Name: msft_CompensationRelatedCostsDisclosureLineItems
Namespace Prefix: msft_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_DefinedContributionPlanCostRecognized
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
Namespace Prefix: us-gaap_
Data Type: xbrli:durationItemType
Balance Type: na
Period Type: duration
Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
Namespace Prefix: us-gaap_
Data Type: xbrli:durationItemType
Balance Type: na
Period Type: duration
Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
Namespace Prefix: us-gaap_
Data Type: dtr-types:perShareItemType
Balance Type: na
Period Type: duration
Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumEmployeeSubscriptionRate
Namespace Prefix: us-gaap_
Data Type: dtr-types:percentItemType
Balance Type: na
Period Type: instant
Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
Namespace Prefix: us-gaap_
Data Type: xbrli:sharesItemType
Balance Type: na
Period Type: instant
Name: us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardPurchasePriceOfCommonStockPercent
Namespace Prefix: us-gaap_
Data Type: dtr-types:percentItemType
Balance Type: na
Period Type: duration
Name: us-gaap_AwardTypeAxis=us-gaap_RestrictedStockMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: srt_RangeAxis=srt_MinimumMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: srt_RangeAxis=srt_MaximumMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_AwardTypeAxis=us-gaap_RestrictedStockUnitsRSUMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_PlanNameAxis=msft_ExecutiveIncentivePlanMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_AwardTypeAxis=us-gaap_PerformanceSharesMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_AwardTypeAxis=us-gaap_EmployeeStockMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Assumptions Used in Estimating the Fair Value of Stock Award Grants (Detail) - $ / shares
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Share based Compensation Arrangement by Share based Payment Award, Fair Value Assumptions, Method Used [Line Items]      
Interest rates minimum 3.80% 2.00% 0.03%
Interest rates maximum 5.60% 5.40% 3.60%
Lower Limit      
Share based Compensation Arrangement by Share based Payment Award, Fair Value Assumptions, Method Used [Line Items]      
Dividends per share (quarterly amounts) $ 0.68 $ 0.62 $ 0.56
Upper Limit      
Share based Compensation Arrangement by Share based Payment Award, Fair Value Assumptions, Method Used [Line Items]      
Dividends per share (quarterly amounts) $ 0.75 $ 0.68 $ 0.62
Name: msft_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendsPerShare
Namespace Prefix: msft_
Data Type: dtr-types:perShareItemType
Balance Type: na
Period Type: duration
Name: msft_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsMethodUsedLineItems
Namespace Prefix: msft_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
Namespace Prefix: us-gaap_
Data Type: dtr-types:percentItemType
Balance Type: na
Period Type: duration
Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
Namespace Prefix: us-gaap_
Data Type: dtr-types:percentItemType
Balance Type: na
Period Type: duration
Name: srt_RangeAxis=srt_MinimumMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: srt_RangeAxis=srt_MaximumMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Stock Plan Activity (Detail) - Stock Awards - $ / shares
shares in Millions
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Shares      
Nonvested balance, beginning of year 96    
Granted [1] 41    
Vested (42)    
Forfeited (7)    
Nonvested balance, end of year 88 96  
Weighted Average Grant-Date Fair Value      
Nonvested balance, beginning of year $ 250.37    
Granted 339.46 [1] $ 252.59 $ 291.22
Vested 246.71    
Forfeited 270.59    
Nonvested balance, end of year $ 292.28 $ 250.37  
[1] Includes 1 million of PSUs granted at target and performance adjustments above target levels for each of the fiscal years 2024, 2023, and 2022.
[1] Includes 1 million of PSUs granted at target and performance adjustments above target levels for each of the fiscal years 2024, 2023, and 2022.
Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
Namespace Prefix: us-gaap_
Data Type: xbrli:sharesItemType
Balance Type: na
Period Type: duration
Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
Namespace Prefix: us-gaap_
Data Type: dtr-types:perShareItemType
Balance Type: na
Period Type: duration
Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
Namespace Prefix: us-gaap_
Data Type: xbrli:sharesItemType
Balance Type: na
Period Type: duration
Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
Namespace Prefix: us-gaap_
Data Type: dtr-types:perShareItemType
Balance Type: na
Period Type: duration
Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
Namespace Prefix: us-gaap_
Data Type: xbrli:sharesItemType
Balance Type: na
Period Type: instant
Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedRollForward
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
Namespace Prefix: us-gaap_
Data Type: dtr-types:perShareItemType
Balance Type: na
Period Type: instant
Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueRollForward
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
Namespace Prefix: us-gaap_
Data Type: xbrli:sharesItemType
Balance Type: na
Period Type: duration
Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
Namespace Prefix: us-gaap_
Data Type: dtr-types:perShareItemType
Balance Type: na
Period Type: duration
Name: us-gaap_AwardTypeAxis=us-gaap_RestrictedStockMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Stock Plan Activity (Parenthetical) (Detail) - shares
shares in Millions
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Performance Stock Units      
Share based Compensation Arrangement by Share based Payment Award [Line Items]      
Nonvested stock awards granted 1 1 1
Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
Namespace Prefix: us-gaap_
Data Type: xbrli:sharesItemType
Balance Type: na
Period Type: duration
Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_AwardTypeAxis=us-gaap_PerformanceSharesMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Employee Purchased Shares (Detail) - $ / shares
shares in Millions
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]      
Shares purchased 6 7 7
Average price per share $ 339.46 $ 245.59 $ 259.55
Name: msft_StockIssuedEmployeeStockPurchasePlanAveragePricePerShare
Namespace Prefix: msft_
Data Type: dtr-types:perShareItemType
Balance Type: na
Period Type: duration
Name: us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
Namespace Prefix: us-gaap_
Data Type: xbrli:sharesItemType
Balance Type: na
Period Type: duration
Segment Revenue (Detail) - USD ($)
$ in Millions
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Segment Reporting Information [Line Items]      
Revenue $ 245,122 $ 211,915 $ 198,270
Productivity and Business Processes      
Segment Reporting Information [Line Items]      
Revenue 77,728 69,274 63,364
Intelligent Cloud      
Segment Reporting Information [Line Items]      
Revenue 105,362 87,907 74,965
More Personal Computing      
Segment Reporting Information [Line Items]      
Revenue $ 62,032 $ 54,734 $ 59,941
Name: us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_SegmentReportingInformationLineItems
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_StatementBusinessSegmentsAxis=msft_ProductivityAndBusinessProcessesMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_StatementBusinessSegmentsAxis=msft_IntelligentCloudMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_StatementBusinessSegmentsAxis=msft_MorePersonalComputingMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Operating Income (Loss) by Segment (Detail) - USD ($)
$ in Millions
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Segment Reporting Information [Line Items]      
Operating income (loss) $ 109,433 $ 88,523 $ 83,383
Productivity and Business Processes      
Segment Reporting Information [Line Items]      
Operating income (loss) 40,540 34,189 29,690
Intelligent Cloud      
Segment Reporting Information [Line Items]      
Operating income (loss) 49,584 37,884 33,203
More Personal Computing      
Segment Reporting Information [Line Items]      
Operating income (loss) $ 19,309 $ 16,450 $ 20,490
Name: us-gaap_OperatingIncomeLoss
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_SegmentReportingInformationLineItems
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_StatementBusinessSegmentsAxis=msft_ProductivityAndBusinessProcessesMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_StatementBusinessSegmentsAxis=msft_IntelligentCloudMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: us-gaap_StatementBusinessSegmentsAxis=msft_MorePersonalComputingMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Segment Information and Geographic Data - Additional Information (Detail)
12 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Sales to an individual customer No sales to an individual customer or country other than the United States accounted for more than 10% of revenue for fiscal years 2024, 2023, or 2022.
Name: us-gaap_SegmentReportingAbstract
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_SegmentReportingDisclosureOfMajorCustomers
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Revenue Classified by Major Geographic Areas (Detail) - USD ($)
$ in Millions
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Revenues From External Customers And Long Lived Assets [Line Items]      
Revenue $ 245,122 $ 211,915 $ 198,270
United States      
Revenues From External Customers And Long Lived Assets [Line Items]      
Revenue [1] 124,704 106,744 100,218
Other Countries      
Revenues From External Customers And Long Lived Assets [Line Items]      
Revenue $ 120,418 $ 105,171 $ 98,052
[1] Includes billings to OEMs and certain multinational organizations because of the nature of these businesses and the impracticability of determining the geographic source of the revenue.
[1] Includes billings to OEMs and certain multinational organizations because of the nature of these businesses and the impracticability of determining the geographic source of the revenue.
Name: us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: us-gaap_RevenuesFromExternalCustomersAndLongLivedAssetsLineItems
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: srt_StatementGeographicalAxis=country_US
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: srt_StatementGeographicalAxis=us-gaap_NonUsMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Revenue Classified by Significant Product and Service Offerings (Detail) - USD ($)
$ in Millions
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Revenue from External Customer [Line Items]      
Revenue $ 245,122 $ 211,915 $ 198,270
Server Products and Cloud Services      
Revenue from External Customer [Line Items]      
Revenue 97,726 79,970 67,350
Office Products and Cloud Services      
Revenue from External Customer [Line Items]      
Revenue 54,875 48,848 44,970
Windows      
Revenue from External Customer [Line Items]      
Revenue 23,244 21,507 24,732
Gaming      
Revenue from External Customer [Line Items]      
Revenue 21,503 15,466 16,230
LinkedIn      
Revenue from External Customer [Line Items]      
Revenue 16,372 14,989 13,631
Search and News Advertising      
Revenue from External Customer [Line Items]      
Revenue 12,576 12,158 11,526
Enterprise and Partner Services      
Revenue from External Customer [Line Items]      
Revenue 7,594 7,900 7,605
Dynamics Products and Cloud Services      
Revenue from External Customer [Line Items]      
Revenue 6,481 5,437 4,687
Devices      
Revenue from External Customer [Line Items]      
Revenue 4,706 5,521 7,306
Other      
Revenue from External Customer [Line Items]      
Revenue $ 45 $ 119 $ 233
Name: us-gaap_EntityWideInformationRevenueFromExternalCustomerLineItems
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: srt_ProductOrServiceAxis=msft_ServerProductsAndCloudServicesMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: srt_ProductOrServiceAxis=msft_OfficeProductsAndCloudServicesMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: srt_ProductOrServiceAxis=msft_WindowsMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: srt_ProductOrServiceAxis=msft_GamingMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: srt_ProductOrServiceAxis=msft_LinkedInCorporationMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: srt_ProductOrServiceAxis=msft_SearchAndNewsAdvertisingMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: srt_ProductOrServiceAxis=msft_EnterpriseAndPartnerServicesMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: srt_ProductOrServiceAxis=msft_DynamicsProductsAndCloudServicesMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: srt_ProductOrServiceAxis=msft_DevicesMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: srt_ProductOrServiceAxis=msft_OtherProductsAndServicesMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Revenue Classified by Significant Product and Service Offerings (Parenthetical) (Detail) - USD ($)
$ in Millions
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Revenue from External Customer [Line Items]      
Revenue $ 245,122 $ 211,915 $ 198,270
Microsoft Cloud      
Revenue from External Customer [Line Items]      
Revenue $ 137,400 $ 111,600 $ 91,400
Name: us-gaap_EntityWideInformationRevenueFromExternalCustomerLineItems
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
Name: msft_ProductsOrServicesSecondaryCategorizationAxis=msft_MicrosoftCloudMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Long-Lived Assets, Excluding Financial Instruments and Tax Assets, Classified by Location of Controlling Statutory Company (Detail) - USD ($)
$ in Millions
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Revenues From External Customers And Long Lived Assets [Line Items]      
Long-lived assets $ 301,369 $ 187,239 $ 166,368
United States      
Revenues From External Customers And Long Lived Assets [Line Items]      
Long-lived assets 186,106 114,380 106,430
Other Countries      
Revenues From External Customers And Long Lived Assets [Line Items]      
Long-lived assets $ 115,263 $ 72,859 $ 59,938
Name: us-gaap_NoncurrentAssets
Namespace Prefix: us-gaap_
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
Name: us-gaap_RevenuesFromExternalCustomersAndLongLivedAssetsLineItems
Namespace Prefix: us-gaap_
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
Name: srt_StatementGeographicalAxis=country_US
Namespace Prefix:
Data Type: na
Balance Type:
Period Type:
Name: srt_StatementGeographicalAxis=msft_OtherCountriesMember
Namespace Prefix:
Data Type: na
Balance Type:
Period Type: